Lee & Associates NYC on Sept. 4 completed the $6.8 million sale of 75 Pierrepont St., a 25,800-square foot, six-story, rent stabilized residential building in Brooklyn Heights at a 6.2% cap rate. “The sale of this Brooklyn Heights jewel for a 6.2% cap shows that there is hope amongst the NYC investment community that the legislature will one day realize that the best way out of a housing crisis is building more units, not regulating them,” said…
Lee NYC Arranges Relocation for Telecom Infrastructure
Lee & Associates NYC successfully represented Telecom Infrastructure Corp. in its strategic relocation to 2 West 45th Street in Midtown Manhattan. The telecommunications firm is moving from its previous location at 8 E. 41st Street, where it occupied 2,000 square feet, to a new, larger office space as part of its growth plans. Telecom signed a five-year and four-month lease for 3,944 square feet in the 16-story building and is set to move in this…
Pearl World Inks 12-Year Lease at Carnegie Hall Tower
Lee & Associates NYC has facilitated a 12-year, 8,800-square-foot lease for Pearl World Inc. at the Carnegie Hall Tower at 152 West 57th Street in the Plaza District. The cosmetics company will occupy the entire 48th floor for its showroom and office, relocating from 37 West 57th Street. Dennis Someck and Justin Myers of Lee & Associates NYC represented Pearl World, while Matt Leon of Newmark represented the landlord, TF Cornerstone. “Pearl World is a…
City Winery Expanding by 14K-SF to Open 3 New Dining Options at Pier 57
The combination music venue and winery signed a 20-year lease for an additional 14,600 square feet in the five-story former shipping terminal building at 25 11th Avenue on Chelsea’s waterfront. Read Full Article Here
Lee & Associates Taps Avison Young’s Todd Korren to Lead NYC Leasing
Lee &Associates NYC has tapped Avison Young’s Todd Korren to head up its New York leasing team, Commercial Observer has learned. Lee & Associates NYC announced today that it has appointed Todd Korren as its Principal, Executive Managing Director, and Director of Leasing. Korren will lead day-to-day brokerage operations, recruit, develop, and manage agents and staff, and participate in strategic planning and financial reporting while externally promoting Lee & Associates NYC in the marketplace. Korren brings over 30 years…
Cannabis Dispensary at 85 Delancey Street was repped by Lee NYC’s Greg Tannor & Jessica Gerstein
Greg Tannor and Jessica Gerstein represented tenant ConBud in the acquisition of their new Cannabis dispensary at 85 Delancey Street in the Lower East Side! The deal was recently featured in the NY Business Journal – check out the link here!
119 Spring Street Leased to luxury retailer Phillip Plein by Lee NYC’s Paul Popkin & Jessica Gerstein
See the story covered in Crain’s, New York Business Journal, and Connect CRE.
Ben Tapper Featured in Real Estate Capital USA
Senior Managing Director Ben Tapper was interviewed for the February/March issue of Real Estate Capital USA where he discussed how he creates opportunity for NYC owners to maintain generational wealth through the creative use of leaseholds. Full section here: Ben Tapper Featured in Real Estate Capital USA
Executive Managing Director Justin Myers featured in Crain’s New York.
This Crain’s article features Justins Myers as he discusses tech firms and their latest approaches to traditional office space in Manhattan.