Press

Peter Carillo, Principal/Senior Managing Director of HKS Real Estate Advisors and Ben Tapper, Senior Managing Director of Lee & Associates NYC, have negotiated a 99-year leasehold at 777 Eighth Avenue, between West 47th and West 48th Streets. Carillo and Tapper represented the property owner, 777 Eighth LLC, and Joseph Genovese of Lee Odell Real Estate represented the tenant, TSGL Eighth Avenue LLC, a developer who plans to erect a 200-key hotel. This is the second…

Dennis Someck, Executive Managing Director/Principal, Justin Myers, Executive Managing Director/Principal, and Ben Tapper, Senior Managing Director, of Lee & Associates NYC, have arranged the sale of the 28,925-square-foot Medical Office property at 515 Middle Turnpike West in Manchester, CT. The Lee & Associates NYC team represented the seller, Metro Realty of Farmington, CT, who built the property in 2012. The building was purchased for $11,300,000, approximately a six percent yield, by Physicians Realty Trust of…

In the latest LeasingREality podcast episode, our managing principal, Peter Braus, takes a deep dive into the world of CRE. He discusses everything from commercial rent control, the changes that Soho is experiencing, rising cap rates and what it was like to start Lee & Associates NYC eight years ago. Click here to listen to the entire podcast episode.

The New Jersey native, who had recently graduated from Ramapo College, learned to continue hustling in the two years since, nabbing 6,400 square feet for Raven Capital Management at 75 Spring Street; 7,000 square feet for Smuggler, the film and TV production company, at 38 West 21st Street; and getting 17,625 square feet for Cargo at 100 Broadway. Click here to read more about Conor Krup on Commerical Observer’s 30 Under 30 Top Leasing and…

Lee NYC welcomes Jon Zuckerman to its executive team as Chief Operating Officer. Prior to joining Lee NYC, Mr. Zuckerman was an Executive Managing Director at Colliers International. Most recently, he has focused on tenant representation although he boasts an eclectic background that includes extensive property owner representation as well. He has been featured on CoStar’s list of New York City’s Top 20 Brokers based on leasing volume, primarily due to numerous years in which…

Inked, a magazine dedicated to tattoo culture, plans to open up its first retail shop and tattoo studio in Chelsea. The publication, owned by holding company Quadra Media, inked a 10-year deal for 8,500 square feet on the ground floor and lower level of 150 West 22nd Street, between Sixth and Seventh Avenues, according to tenant brokers Lee & Associates NYC. Asking rent was $108 per square foot. Click here to read the full story…

Vickram Jambu, Senior Managing Director of Investment Sales, Chris Varjan, Senior Managing Director of Investment Sales, Jonathan Braun, Director, and George Steffani, Director, of Lee & Associates NYC, have been named the exclusive sales agents for the two contiguous elevator apartment buildings located in Williamsburg, between Hooper and Hewes Streets. 409 Broadway and 413 Broadway are 10,800 and 11,694 square feet respectively. Each building consists of 20 apartment units and two ground-floor commercial spaces. The…

Brad Schwarz, Executive Managing Director/Principal, of Lee & Associates NYC has negotiated a ground-floor, 11,491-square-foot lease at TF Cornerstone’s The Max at 606 West 57th Street, between Eleventh and Twelfth Avenues, for Lightbridge Academy. “Lightbridge Academy will effectively service the dense residential community of this far west side neighborhood which has really taken shape in recent years,” explains Mr. Schwarz, who represented the tenant. Click here to read about this transaction in The New York…

E-commerce has been driving demand for industrial real estate for several years, but steadily increasing online sales coupled with growing consumer expectations for speedier delivery continues to put pressure on merchants to bridge the last mile to their customers. Considering that these projects are located in densely populated areas where land and available product are typically scarce, developers are increasingly converting obsolete warehouse and other properties into fulfillment centers. For space that matches their needs,…