Ceros, a software development company that helps users create animated content online, is doubling its offices at 40 West 25th Street in Chelsea. The firm has signed a seven-year, 11,000-square-foot sublease for the entire fifth floor of the building, bringing its total footprint in the 12-story property to 22,000 square feet. Lee & Associates NYC’s Dennis Someck and Justin Myers represented Ceros. CBRE’s Dan Wilpon and Sinclair Li represented the sublandlord, Wasserman Media Group, in…
Lee NYC Brings MBAF CPAs to 21,683 Square Feet at 600 Third Avenue
The accounting firm MBAF CPA has signed a ten-year lease at L&L Holding Company’s 600 Third Avenue in Murray Hill. The international firm, with 12 offices worldwide, will take 21,683 square feet on the third floor of the 42-story office tower located between East 39th and East 40th Streets. MBAF was represented by Dennis Someck, Justin Myers and Conor Krup of Lee & Associates NYC, while L&L was represented in-house by David Berkey and Andrew…
Lee NYC Negotiates 15,479-SF Lease for Davines North America in Williamsburg
The North American arm of Italian beauty company Davines will ditch its Flatiron offices and head across the East River to Williamsburg, Brooklyn, Commercial Observer has learned. Davines signed a 10-year lease for 15,479 square feet on the entire second-floor of CW Realty Management’s 61 North 11th Street between Kent and Wythe Avenues, according to Lee & Associates NYC, which brokered the deal for the tenant. Lee’s Corey Horowitz and Kenneth Salzman represented Davines while…
Lee NYC Relocates and Consolidates Manhattan Retail Branch and Office of BNB Bank in Midtown
Long Island-based BNB Bank has leased a new branch and offices across two floors on East 51st Street in Midtown. The community bank, which is headquartered in Bridgehampton, N.Y., is moving its Manhattan retail branch two blocks from 12 East 52nd Street to 34 East 51st Street, between Madison and Park Avenues, according to information from Lee & Associates NYC. Its sales team will occupy the upper floor of the space in a relocation from…
Greg Tannor Speaks To The Wall Street Journal About The Current Landscape for Health & Wellness Tenants
A health-and-wellness craze is creating clusters of juice bars, spas and similar retailers around popular fitness centers, revitalizing urban neighborhoods throughout the U.S. Chains such as SoulCycle, Flywheel, Equinox, Orangetheory Fitness and Barry’s Bootcamp are fulfilling the role on city streets once played by department stores and big-box retailers in suburban malls: They act as anchor tenants and drive other retail businesses looking to capitalize on the steady foot traffic. “Tenants like to be near…
George Steffani Discusses Pebblebrook Hotel Trust with U.S. News & World Report
PEB invests in upscale hotel and resort properties in major urban markets across the U.S. from New York to San Francisco. In December 2018, Pebblebrook completed a merger with LaSalle Hotel Properties. The tangible benefit of that to investors will hinge largely on how the merger is absorbed and managed, says George Steffani, director of investment sales at Lee & Associates in New York. “If management can continue to create efficiencies from the merger and…
Catherine O’Toole Takes Real Estate Weekly on Garment District Tour
O’Toole believes the new Hudson Yards and its super-tenants are acting as a magnet for service providers running the gamut from PR to legal, architects to accountants priced out of the west side megalith but more than comfortable with the average $50 psf in the Garment District. She and her colleague Stephanie Moore have been working with the long-term garment family owners of 270 West 39th as they reposition the building with an eye to…
Lee NYC Brings Fintech Firm to 136 Madison Avenue
A financial technology company and the maker of hair growth products took a total of 37,000 square feet at 136 Madison Avenue, bringing the building to full occupancy. “[The building] proved to have an incredibly efficient space in the NoMad neighborhood in which ComplySci wanted to be located,” Lee & Associates NYC’s Dennis Someck, who handled the deal for ComplySci along with Justin Myers, said in a statement. “Not only is the building very well managed,…
Someck and Myers Score 11,993-Square-Foot Space for Payfone in NoMad
Payfone, an identity authentication startup, has signed a 10-year lease at The Moinian Group’s 245 Fifth Avenue in NoMad, doubling its current space in the building. Lee & Associates’ Dennis Someck and Justin Myers represented Payfone in the initial lease in 2016, as well as the current expansion. Click here to read the full article from Commercial Observer.