Crains New York - September 24, 2012 - (Page 24)

REAL ESTATE DEALS BARE BONES 106 UNIVERSITY PLACE ASKING RENT; TERM: $250 per SF; seven years SQUARE FEET: 550; ground and basement TENANT; REP: Bamboo Tori; Michael Hymowitz of Adams & Co. LANDLORD; REPS: GMC Parking; Helen Demetrious and Ina Donath of NY Commercial Real Estate Services BACK STORY: Japanese eatery replaces an Italian sausage spot on the hot strip between Union Square and NYU. 90 MAIDEN LANE ASKING RENT; TERM: $32 per SF; 10 years SQUARE FEET: 6,900; second floor TENANT; REPS: Bright Minds Center; Dmitry Levkov and Robert Koslow of Colliers International LANDLORD; REP: AM Property; in-house BACK STORY: Growing Russian language school doubles its footprint in downtown move. METRO CENTER ATRIUM (Bronx) ASKING RENT; TERM: $50 per SF; 15 years SQUARE FEET: 43,000; ground and second floors TENANT; REP: L.A. Fitness; RIPCO Real Estate Corp. LANDLORD; REP: Simone Development Cos.; in-house by Joseph Kelleher BACK STORY: Initial retail tenant for 370,000-square-foot building where the Bronx’s first luxury hotel, a Marriott Residence Inn, will open in 2014. E Custom jeweler adds B’way bauble astern Nationwide Supply Inc.is shifting slightly southwest into new office space in the garment district. The manufacturer of costume jewelry has signed a lease for 10,750 square feet on two floors at 1261 Broadway,at West 31st Street.The asking rent for the 10-year lease was $38 per square foot. “The company wanted to be close to 32nd Street,” said Brett Maslin, a broker at Adams & Co. Real Estate Inc. who represented the tenant. “Their current lease is up, and they needed more space.” Currently, the firm has 8,000 square feet at 22 W. 32nd St. It will move into its new office, which will take up part of the fourth and seventh floors of 1261 Broadway, by Nov. 1. “There wasn’t much available space out there [in the location the firm wanted],” said Mr. Maslin, adding that is why it decided on space on two floors. The landlord of the 11-story office building, Olmstead Properties, was represented in-house by Steven Marvin. —amanda fung SETTLING INTO A COMFORTABLE SEAT. NOT SETTLING. Offering BusinessElite® service on select coast-to-coast routes reﬂects our belief that if you’re going to go the distance, so should we. That’s why you can unwind with amenities usually reserved for international travel on eight daily ﬂights from JFK to LAX and up to six to SFO. It’s a range of perks including in-ﬂight Wi-Fi, menus curated by renowned chef Michael Chiarello, and one of the most luxurious seats available at 35,000 feet. After all, when you’re ﬂying cross-country, you should ﬁnd comfort, not compromise. Private equity shop hits 42nd Street EQT Partners, a Swedish private equity firm, is opening its first New York City office in the Grace Building at 1114 Sixth Ave., which recently unveiled a newly renovated lobby. Currently located in White Plains, the firm leased about 9,100 square feet on the 38th floor.The entrance for the building is on West 42nd Street,across from Bryant Park. The asking rent for the 10-year deal, which covers about a third of the floor, was $95 a square foot. EQT opened its office in White Plains five years ago but decided to move to Manhattan to be closer to its clients and to establish a greater presence in the U.S. The main driver for the deal was the building’s central location, said Mike Movshovich, a broker at CBRE Group Inc. who represented EQT with Budd Wiesenberg, a colleague in Stamford, Conn. However, he noted that the new lobby “looks great and makes a great first impression.” The lobby was designed by Moed de Armas & Shannon and includes a new reception desk and two large paintings by Caio Fonseca. Wood paneling that had been put up sometime before Brookfield Office Properties bought the 41-yearold building in 2006 was taken down and replaced with travertine from the same quarry that supplied the original wall cladding. The new lobby was part of a nearly $30 million renovation that also upgraded the building’s plaza and retail space. Brookfield was represented inhouse by Sarah Pontius, vice president of leasing. —theresa agovino DELTA .COM/NYC Wi-Fi service available for purchase on JFK-LAX and JFK-SFO ﬂights. 24 | Crain’s New York Business | September 24, 2012 http://www.DELTA.COM/NYC http://www.DELTA.COM/NYC

Table of Contents for the Digital Edition of Crains New York - September 24, 2012

In the Boroughs
In the Markets
The Insider
Business People
Corporate Ladder
Small Business
Opinion
Greg David
Report: Accounting
The List
Classifieds
Real Estate Deals
New York, New York
Source Lunch
Out and About
Snaps

Crains New York - September 24, 2012