Leases
Compass Group renews, expands near Penn Station
Address: 31 Penn Plaza, Manhattan
Landlord: Vanbarton Group
Tenant: Compass Group
Lease size: 14,000 square feet
Lease length: 10 years
Asset type: Office
Brokers: Cushman & Wakefield’s Amy Zhen and Bianca Di Mauro represented the tenant. A JLL team led by Kyle Young, Matthew Astrachan, Mitchell Konsker and Thomas Swartz represented the landlord.
Investment manager takes space in RXR building
Address: 340 Madison Ave., Manhattan
Landlord: RXR
Tenant: Yaupon Capital Management
Lease size: 6,917 square feet
Lease length: Three years
Asset type: Office
Brokers: CBRE’s Ben Friedland and Hugh McDonald represented the tenant. JLL’s Paul Glickman, Matt Astrachan, Cynthia Wasserberger, Dan Turkewitz and Harrison Potter represented the landlord, along with William Elder and Andrew Ackerman in-house.
Sales
Affordable housing developer buys three-parcel site by Queensbridge Houses
Address: 10-03 40th Ave., Queens
Seller: Alan Hochster
Buyer: Matthew Gross
Sale price: $14 million
Asset type: Development site
Financings
Korean bank writes loan for Wharton Properties site in Midtown
Address: 511 Fifth Ave., Manhattan
Owner: Jeff Sutton
Lender: NongHyup Bank
Loan amount: $10 million
Asset type: Office
Julianne Cuba, C. J. Hughes, Eddie Small , 2024-04-19 19:27:00
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