Ad Firm Packs Up for Downtown

New York City

TMP Worldwide Advertising and Communications is relocating from Hudson Square to Lower Manhattan. The recruitment ad firm has opted for Mack-Cali’s 125 Broad St., where it has signed a new 10-year, seven month lease for 37,404 square feet that will serve as its world headquarters. A CB Richard Ellis team of Gerry Miovski, Barry Finkelman, Andrea Funsten and Christopher Mansfield represented TMP. Mack-Cali was also represented by CBRE.

At 462 Seventh Ave., Allied Aviation Services signed a seven-year, 9,750-square-foot lease. The Kaufman Organization’s Steven Kaufman and Barbara Raskob represented S.I.K Associates, the landlord for the 23-story, 185,000-square-foot office property, while Alicia Popper of Savitt Partners represented the tenant.

Construction management firm Builders Group is subleasing 9,950 square feet for six years at 45 Broadway, moving from 50 Broad St. Snezana Anderson and Rob Wizenberg of CBRE represented the subtenant in the transaction, while CBRE’s Brad Gerla and Jeff Sharon represented the undisclosed sublandlord.

Beech Street Capital, LLC has provided a $9.5-million Fannie Mae DUS loan to refinance a multifamily apartment building at 713 Classon Ave. in Brooklyn. The fixed-rate, seven-year loan was originated by Meridian Capital and financed by Beech Street as part of its correspondent relationship with Meridian. Formerly one of the five buildings comprising the Interfaith Hospital, the property was converted to residential use in 2002.

Westchester County

Following a 2.8-million office condo sale, Elof Hansson Inc. will relocate to 129 W. Main St. in Tarrytown, NY next month. CBRE’s William V. Cuddy Jr., arranged the sale of the condo on behalf of owner/developer National Resources LLC to Elof Hansson, which will use the space as its North American headquarters. The firm’s world headquarters is in Sweden.

Boston

CresaPartners’ Dan Sullivan, Adam Subber and Chris Crooks of CresaPartners represented KAF Financial Group in a 17,869-square-foot, six-year, early office lease renewal at 10 Forbes Rd. in Braintree, MA. The accounting firm wanted to take advantage of favorable market terms while maintaining its location off Route 93, KAF’s Ken Kirland says in a release. Landlord the Simon Cos. represented itself.
Holliday Fenoglio Fowler’s Boston office has arranged a $12.5-million refinancing for 66 Long Wharf, a 77,655-square-foot office and retail property along the waterfront in the city’s Financial District. HFF senior managing director Bob Herron and senior real estate analyst Carlos Febres-Mazzei worked on behalf of the borrower, ELV Associates Inc., to secure the fixed-rate loan through Peoples United Bank. The property is 97.5% leased.