Health care marketing and communications firm 120-80 Group has relocated its New York City office to 45 West 45th Street. The company leased 8,995 square feet on the entire third floor of the 16-story Midtown building, owned by Switzerland-based AFIAA. The lease, which runs for four years and four months, was facilitated by tenant brokers Woody King and Alan Friedman of Lee & Associates NYC. Read Full Article Here
Vivaia Footwear Lease SoHo NYC: New Store on Prince Street
Popular women’s footwear brand Vivaia is opening its first New York City retail outpost at SoHo’s 68 Prince Street. Vivaia, which sells a range of sustainable and comfortable shoes, signed a three-year lease for a total of 1,460 square feet for ground-level and basement space in the building between Crosby and Lafayette streets, according to landlord broker Mark Kapnick Lee & Associates NYC. Asking rent was $550 per square foot. Read Full Article Here
Le Botaniste to Open Sixth New York City Location at Penn 11
Organic, plant-based and sustainable restaurant Le Botaniste has signed a new, long-term lease at Penn 11 in the newly revitalized Penn District, its sixth in New York City. The lease consists of ground level and basement space in the building totaling 2,700 square feet. Le Botaniste will occupy the location in the coming weeks, replacing the former tenant, Dig. Brad Schwarz from Lee & Associates NYC represented the tenant, Le Botaniste. Vornado Realty Trust was…
Mediterranean Restaurant Pixida to Open 16K-SF Eatery at 245 Fifth Avenue
A new Mediterranean restaurant is coming to town. Pixida, which will offer a full menu of Greek cuisine, has signed a 20-year lease for a 16,129-square-foot, multi-level space at the Moinian Group’s 245 Fifth Avenue in NoMad, according to the landlord. SEE ALSO: Tech’s Office Demand Is Rebounding Fastest in These Markets The new restaurant at the corner of Fifth Avenue and East 28th Street is set to open during the fourth quarter of 2025,…
Three Tenants Ink Full-Floor Deals at Brause Realty’s 21 West 38th Street
Three tenants have signed full-floor leases at Brause Realty’s 21 West 38th Street, bringing the Midtown office building to 100 percent occupancy. Environmental consulting company Partner Engineering and Science signed a new 4,465-square-foot lease on the entire eighth floor of the 17-story building. Meanwhile, the American Lung Association and engineering consultant GPI/Greenman-Pedersen each signed 4,465-square-foot renewals for their full-floor spaces on the third and sixth floors, respectively, according to landlord broker Lee & Associates NYC. Read More
75 Pierrepont St. in Brooklyn Heights Sells, Remains Rent-Stabilized
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…
GlobeSt. Aspiring Leaders (Formerly 50 Under 40) – Justin Myers
Lee & Associates proudly announces that GlobeSt. has awarded our broker, Justin Myers, as one of the Aspiring Leaders (formerly 50 under 40). Justin has made significant strides in the commercial real estate industry, demonstrating exceptional leadership and a diverse skill set. His innovative approach and dedication to excellence set him apart as a rising star in the field. Join us in celebrating Justin’s achievements and his bright future ahead. Following a successful professional…
Lee & Associates Appoints New York City President
Brokerage Lee & Associates has appointed Peter Braus, who most recently served as a managing director, as president of its New York City operation. In his new role, Braus will continue the firm’s work to position itself as a key middle-market commercial brokerage in the city, Lee & Associates said. Braus is succeeding James Wacht, who will step down as president and continue to serve as a managing principal and member of the firm’s executive…