New York City

The Hammacher Schlemmer Building at 145 E. 57th St. has sold toa Brazilian real estate developer for $34 million, or approximately$550 per square foot, CB Richard Ellis announced this week. TheNew York Post had reported last work that the developerwas the Malzoni Group, based in Sao Paolo, Brazil; CBRE declined tocomment on the Post report. Hammacher Schlemmer hasnet-leased the entire 62,000-square-foot property, which was builtfor the retailer in 1926. That lease, which includes the retailer’sflagship store, will expire later in the year, along with theremaining office subleases. Darcy Stacom and Paul Gillen of CBRE’sinvestment properties group, along with Robert Garrish of CBRE’sprivate client group, represented seller Jenel Management Corp. inthe transaction. Malzoni was reportedly represented by PrudentialDouglas Elliman’s Louis Puopolo, who told the Post thatthe acquisition was the buyer’s first in New York.

In another deal along the same east-west Midtown cross street,Ford Models has leased 11,239 square feet on the top three floorsof 57 W. 57th St. Michael Thomas of Colliers International, whorepresented the modeling agency along with colleague DavidLibertson, says in a release that the 20-story property provides ahard-to-find amenity: “wrap-around terraces, giving Ford anunparalleled office environment.” Colliers’ Christel Engelrepresented the ownership of 57 W. 57th, a partnership thatincludes several Colliers executives. Lease terms were notdisclosed.