SHELTON, CT-Newmark Knight Frank has been retained to broker the bankruptcy auction of a five-story, 157,776-square-foot class A office building at Four Research Dr. here. Bidder submissions on Reservoir Corporate Centre are due before 5 p.m. on Friday December 2, 2011, after which qualified bidders will be selected to participate in the property’s auction.
David Noonan and Jennifer Schwartzman of the firm’s Capital Group and John Goodkind and Paul Gojkovich from the Fairfield, CT office, are the brokers for the sale. The building is currently 60% leased.
NEW YORK CITY-Cushman & Wakefield’s Tatsuro Kono brokered a lease renewal on behalf of Tokyo-based clothing manufacturer Onward Kashiyama at 530 Seventh Ave. The fashion firm will stay put on the entire 29th floor of the building, which is owned by Savitt Partners. Marc Schoen and Bob Savitt represented Savitt in-house.
530 Seventh Ave. is a 460,00-square-foot Art Deco building that is home to many apparel industry tenants, among them Max Mara, Perry Ellis and Carmen Marc Valvo.
NEW YORK CITY-Petco Plaza, an 11,686-square-foot retail building off of Brookyn’s Flatbush Avenue, is being taken to market by a team from Marcus & Millichap Real Estate Investment Services. Steven Stoehrer, Preet Sabharwal and Barbara Dansker will market the property, home to a Petco and Burger King, for a private investor. The current sales price is $9.3 million.
NEW YORK CITY-People’s United Bank has signed a 15-year lease for ground floor retail space at 250 Park Ave. Cassidy Turley vice chairman and principal Richard Bernstein represented the bank, while executive managing director and principal David Hoffman, Jr., represented the landlord.
Other brokers at the firm on the deal assisted both Bernstein and Hoffman. People’s United Bank’s flagship location will occupy 7,241 square feet at the building.
NEW YORK CITY-With several new lease signings, newly completed 681 Fifth Ave. is nearly fully occupied. Cushman & Wakefield represented owner Metropole Realty Advisors in the deals, which leave only the penthouse space available.
Finance firms took most of the new space. Peregrine Financial Group took the entire 7th floor and Altum Capital Management took the entire 15th floor. Meanwhile, an international ship owning company—Apex Bulk Carriers—will occupy the entirety of the 11th floor. Also new in the building is retailer Belstaff USA, which took three full floors—17,505 square feet.
C&W’s chairman of Global Brokerage Bruce Mosler and president of Global Business Development Arthur Mirante, led a team that represented the landlord. C&W’s Michelle Walker represented Peregrine and David Rosenbloom represented Apex.
Studley’s Evan Margolin and Lance Leighton represented Altum Capital.