New York
Allianz Real Estate of America, which makes equity investments and provides commercial mortgages in the U.S. markets on behalf of the Allianz Group insurance companies, is moving from 1114 Avenue of the Americas to over 7,000 s/f on the 37th floor of W&H Properties’ One Grand Central Place. Greg Taubin and Jason Perla of Studley represented Allianz in the lease negotiations. William Cohen and Ryan Kass of Newmark Grubb Knight Frank represented the landlord.
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The digital marketing agency DataXu is moving its New York office headquarters to ATCO Properties & Management’s 373 Park Avenue South. Relocating from 900 Broadway, DataXu has leased the entire fourth floor, totaling 8,732 s/f for a term of five years. John Lord, senior managing director of ATCO Brokerage Services, represented the property owner/manager, while Jack Petrie, president of Office Lease Center represented the tenant. Asking rent for this transaction is $48 psf.
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HelmsleySpear announced that Gregg Slotnick has completed three new leasing transactions in Manhattan’s FiDi and Midtown East submarkets. Slotnick represented the tenant in all three leases:
• International Safety Group, an industry leader in occupational risk management, signed a four year sublease for 10,000 s/f at 708 Third Avenue;
• Paulson Investment Company, a financial services firm, signed a five-year 5,488 s/f lease at 40 Wall Street. The lease was co-brokered with Magee Realty Consultants.
• New York City Osteopathy, a medical practice specializing in osteopathic medicine, renewed their 2,000 s/f lease at 61 Broadway for a five year term.
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Savanna, a New York-based real estate private equity firm, announced the following new lease at 100 Wall Street.
• Beghou Consulting Inc., an international sales consulting firm, a has signed a new lease for 2,871 s/f on a portion of the 14th Floor for a seven year term. Scott Cahaly and Mitchell Konsker of Jones Lang LaSalle represented the landlord, while Robert Sattler of Newmark Grubb Knight Frank represented the tenant in this transaction.
New Jersey
Bussel Realty Corp. (BRC) announced Qualmax Supplies Inc. has leased 35,000 s/f at 2500 Brunswick Avenue, Building D in Linden. Senior vice president Herb Zimmerman and vice president Jordan Metz of BRC were responsible for the transaction. Zimmerman represented Qualmax while Metz represented the owner of the property. 2500 Brunswick Avenue in Linden is a 35,000 s/f free standing building with 22’ high ceilings, heavy power, and near Routes 1&9 and Exit 13A of the New Jersey Turnpike.Qualmax Supplies Inc. will be relocating from Brooklyn, New York.
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Tucker Development Corporation signed a 67,000 s/f lease with the Wakefern Food Corp. retail cooperative, the merchandising and distribution arm for ShopRite stores, to open a new supermarket at Springfield Avenue Marketplace in Newark. Featuring 125,000 s/f of retail space, Springfield Avenue Marketplace is the city’s largest new retail development. As anchor tenant, ShopRite will service the shopping needs of approximately 280,000 Newark residents, 180,000 members of the city’s workforce and 60,000 college students and faculty.
