Press

Brad Schwarz, Executive Managing Director/Principal, of Lee & Associates NYC has negotiated a ground-floor, 1,597-square-foot lease at 666 Third Avenue, between 42nd and 43rd Streets, for Le Botaniste. The company was founded in Belgium and has locations in both Ghent and Brussels. This will be the third New York City restaurant for the brand, which currently has outposts on the Upper East Side and in Soho. “Located only a block from the Chrysler Building and nearby…

Uncle Tetsu signed a seven-year lease for 1,000 square feet in Tribeca Associates’ 135 West 41st Street between Broadway and Avenue of the Americas, according to brokers on the deal. Asking rent was $250 per square foot and the bakery plans to open in the spring. “Known for hours-long lines at its bakeries around the world, Uncle Tetsu is bound to be just as big of a hit with New Yorkers,” Peter Braus of Lee…

Peter Braus, Managing Principal, Greg Tannor, Executive Vice President/Principal and JP Sutro, Executive Managing Director of Lee & Associates NYC have negotiated a 6,165-square-foot lease, at 1220 Third Avenue (The Townsend House Corporation), between 70th and 71st Streets, for Long’s Bedding & Interiors Inc. The new space will consist of 4,540 square feet on the ground floor and 1,625 square feet on the lower level. A fourth generation family business since 1911, the bedding company is expanding from…

Commercial Observer sat down with Lee & Associates’ Peter Braus, who explained the sunnier side of the retail market. 0:20 – What are the bright spots in retail right now? 1:00 – Aside from slashing rents, how are landlords being proactive in this climate? 2:11 – How do you think Soho will get out of its rut? 3:56 – What areas do you find the most exciting for retail? 4:53 – Have you had many…

In a recent article from The Real Deal, Lee & Associates NYC President, James Wacht, talks real estate side gigs and explains how he stays an active investor in projects outside of the real estate world.   From the article: Seeking green, from fitness to grooming As a landlord and property manager, Lee & Associates NYC’s James Wacht had always been skeptical of franchises. That was until two years ago, when his son, Evan, who is…

Henry Abramov, Research Director of Lee & Associates NYC, talks about the tech industry taking space in New York City in this recent article by CoStar. From the article: Henry Abramov, research director for the New York City office of commercial brokerage firm Lee & Associates, predicts 2019 will bring more announcements from other technology companies planting roots in New York City and from existing companies expanding geographically. “One of the major deciding factors in…

For this Lee NYC listing, the Dutch firm MVRDV went full ROYGBIV for its first U.S. project, which broke ground back in November. Dubbed the “Radio Tower and Hotel,” Youngwoo & Associates’ “vertical village” at 2420 Amsterdam in Washington Heights resembles a stack of colorful Legos. The 22-story mixed-use tower will include hotel rooms, office space and retail, all which will exist within these interconnected stacks. Click here to see the full roundup of The…

Joel Herskowitz, chief operating officer at Lee New York City, sat down with GlobeSt.com at Lee & Associates annual broker’s summit in Las Vegas to talk about the services available through Lee & Associates New York City and about the benefits of having a full-service platform. Click here to watch the video and hear Herskowitz talk about the evolution of the office, its tremendous growth and how the office’s services position it for future growth….

Peter Braus of Lee & Associates, whose firm ranked ninth in Manhattan and fifth in Brooklyn, said there were not as many larger retailers hunting for space as there were a few years ago. But he said smaller tenants have become more active. Many landlords, he said, spent years bundling together smaller retail parcels to create larger retail spaces but have since reversed course. They’ve started breaking those larger parcels into smaller ones. Click here…