Crains New York - August 27, 2012 - (Page 7)

REAL ESTATE DEALS M Tide’s in for swimsuit makers ainstream Swimsuits Inc., the manufacturer of four different lines of bathing suits, including one that promises to make the lucky wearer look a lot slimmer, dove into a new lease for 10,100 square feet at 1441 Broadway. The asking rent for the space was $45 a square foot. The maker of the Miracle Suit, which promises women they’ll look 10 pounds lighter in 10 seconds, will move into the building by the end of the year. Mainstream is riding a wave of swimwear makers that have moved into 1441 Broadway, according to the company’s broker, Richard Selig of Coldwell Banker Commercial Alliance. “They like being in the same building as the competition,” Mr. Selig said. “It is easier for the buyers.” The building is owned by L.H. Charney & Associates and was represented by Richard Doolittle, of Murray Hill Properties. —theresa agovino BARE BONES 685 THIRD AVE. ASKING RENT; TERM: $60; 10 years SQUARE FEET: 74,350 on sixth and seventh floors TENANT; REP: Salesforce.com; Gus Field of Cushman & Wakefield LANDLORD; REPS: TIAA-CREF; Paul Amrich and Anthony Dattoma of CBRE Group Inc. BACK STORY: The tech company will be more than quadrupling its footprint from its present 16,350-square-foot outpost at 2 Grand Central. 1 GRAND CENTRAL PLACE ASKING RENT; TERM: Undisclosed; 15 years SQUARE FEET: 21,680 on ground and second floors TENANT; REPS: JPMorgan Chase & Co.; Michael O’Neill and Gene Speigelman of Cushman & Wakefield LANDLORD; REP: W&H Properties; Jared Lack of Newmark Grubb Knight Frank BACK STORY: Other retail tenants at the building include Bank of America, H&M and Banana Republic. 30 W. 24TH ST. ASKING RENT; TERM: $39; five years SQUARE FEET: 5,630 on entire fourth floor TENANT; REPS: Winklevoss Capital; Michael Blum and Ross Zimbalist of CBRE Group Inc. LANDLORD; REPS: Elizabeth Goffredo; Alan Bonett and James Buslik of Adams & Co. BACK STORY: The new venture capital fund is owned by the Harvard-educated Winklevoss twins, who famously sued Facebook founder Mark Zuckerberg. KNOWLEDGE IS POWER. PASS IT ON. Good times for consignment shop It’s the seventh time around for burgeoning consignment retailer Second Time Around. The Boston-based company recently signed on for Manhattan outpost number seven. The latest is a 2,000-square-foot location at 238 W. 72nd St. The asking rent was $110 a square foot. The deal is for more than 10 years, according to real estate sources. “They’ve had a real nice success in New York,” said Scott Galin, the Handler Real Estate Organization broker who, along with colleague Darrell Handler,represented Second Time Around. He noted that the retailer, which entered the Big Apple five years ago, has added four locations in the past two years alone. By the end of this year, the chain expects to ink leases for two more places in the city, according to Mr. Galin. Landlord Neal Hidalgo was represented inhouse by Harris Philip. —adrianne pasquarelli Electric power outage? We need to hear from you. Report problems online, on your smartphone or your landline. And Con Edison will call you back and let you know when your power will be restored. conEd.com 1-800-75-CONED Dumbo stalwart moves up in world As Dumbo grows in popularity,some of the Brooklyn neighborhood’s retail pioneers are notching impressive gains of their own. Among them is apparel shop Nos Boutique. It will soon combine its men’s and women’s locations into a storefront at 81 Front St., on the corner of Washington Street,that is larger than the two current shops combined.The retailer recently signed a 10-year lease for 3,200 square feet. The asking rent was $45 a square foot. “That corner is really people’s entrance to the neighborhood,” said Caroline Pardo, who represented landlord Two Trees Management Co. in-house. Nos’ 1,000-square-foot store at 117 Front St. will become a Pinkberry frozen yogurt shop. It also has a store a block away at 165 Front St. Joining Nos on the ground floor of the building will be a new concept store from furniture retailer West Elm. —adrianne pasquarelli ©2012 Consolidated Edison Company of New York, Inc. Ad: Arnell Group LEARN MORE facebook.com/powerofgreen August 27, 2012 | Crain’s New York Business | 7 http://www.Salesforce.com http://www.conEd.com http://www.conEd.com http://www.facebook.com/powerofgreen

Table of Contents for the Digital Edition of Crains New York - August 27, 2012

Crains New York - August 27, 2012
Contents
In the Boroughs
In the Markets
The Insider
Real Estate Deals
Business People
Corporate Ladder
Opinion
Greg David
Small Business
From Around the City
Stats and the City
Classifieds
Source Lunch
Out and About
Snaps

Crains New York - August 27, 2012