Transactions

Wolf Greenfield and Sacks LP 

This is a Boston based law firm that wanted to open its first office in Manhattan. We negotiated a five year lease on the 37th floor in the Chrysler Building for a 3,330 sq ft prebuilt unit that fit their space needs perfectly.  They quickly outgrew the space so we leased them an additional 3,000 sq ft prebuilt unit on the same floor. Their growth far exceeded their expectations so we subleased both spaces and relocated them to 605 3rd Avenue where they leased a tower floor containing approximately 28,000 sq ft.

Deluxe Financial Systems

This is a midwest based financial services firm whose NY offices were very inefficient with many offices and few open areas for workstations. They wanted to remain in the Grand Central area due to its favorable access to public transportation.  After an extensive search they found their best solution at 605 Third Avenue where they leased a 28,000 sq ft tower floor which they designed to accommodate their current occupancy design criteria.

LLadro 

This is a world renown porcelain company headquartered in Spain.  They owned an 18 story boutique building on West 57th Street where they had their retail, showroom and office facilities. The excessive maintenance costs in addition to the fact that they only occupied the lower four floors and their conference room in the penthouse made this asset too costly and inefficient to continue to own. They engaged me to sell the building and look for another retail/showroom ideally on Madison Avenue.  We found a buyer for the building and simultaneously leased them a more suitable retail space on Madison Avenue which dramatically reduced their overhead issues while providing an excellent location for their retail/showroom.

Santander Bank 

This prominent international banking company based in Spain had inherited four floors of office condominiums and an excessively large retail facility in Downtown Brooklyn as a result of their acquisition of another bank who had previously owned and occupied those floors.  They didn’t want to remain in Brooklyn so they engaged me to sell the asset and relocate those employees to the financial district in Manhattan and open a smaller retail branch in Downtown Brooklyn, ideally near their current location.  We found one buyer who purchased the four floors and the retail branch and simultaneously leased them a 40,000 sq ft floor at Brookfield Place in the heart of the financial district in Downtown Manhattan. 

Greycroft Partners

This is the leading Venture Capital firm in New York which has invested in over 100 technology startups.  Alan Patricof who is the founder of Greycroft has been my client for over 40 years during which time I have represented him in all of his office requirements for his previous firms, Alan Patricof Associates, Patricof & Co. which he sold to APAX Partners. When he founded Greycroft I found him a furnished sublease at 598 Madison Avenue.  When the sublease term had expired and he needed more space for this growing company I leased him a 6,800 sq ft full floor at 292 Madison Avenue.  After several years he had once again outgrown the floor so I arranged for him to lease an 11,000 sq ft floor in the same building and simultaneously negotiated a termination of the smaller lease with his current landlord.