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	<title>Observer &#187; Metropolitan Property Group</title>
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		<title>EXCLUSIVE: APF Properties Inks 20 Leases in Four Midtown Office Buildings</title>

		<comments>http://observer.com/2011/12/exclusive-apf-properties-inks-20-leases-in-four-midtown-office-buildings/#comments</comments>
		<pubDate>Wed, 07 Dec 2011 09:00:39 -0400</pubDate>
					<link>http://observer.com/2011/12/exclusive-apf-properties-inks-20-leases-in-four-midtown-office-buildings/</link>
			<dc:creator></dc:creator>
				
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		<description><![CDATA[<p>A week after real estate investment firm <strong>APF Properties</strong> announced that it completed nine new leases at its "Club Row Building", the company said it had locked up eleven more in three of its other office buildings, <em>The Commercial Observer</em> has learned.</p>
<p><div id="attachment_203686" class="wp-caption alignleft" style="width: 210px"><a rel="attachment wp-att-203686" href="http://www.observer.com/2011/12/exclusive-apf-properties-inks-20-leases-in-four-midtown-office-buildings/25w45th/"><img class="size-medium wp-image-203686" title="25w45th" src="http://nyoobserver.files.wordpress.com/2011/12/25w45th.jpg?w=200&h=300" alt="" width="200" height="300" /></a><p class="wp-caption-text">25 West 45th Street</p></div></p>
<p>All 20 signings - worth a total of <strong>76,000 square feet </strong>- took place in four of APF Properties' buildings: <strong>28 West 44th Street, 1156 Avenue of the Americas, 25 West 45th Street</strong> and <strong>286 Madison Avenue.</strong></p>
<p>APF attributed its new signings to offering "Plaza-quality pre-builts, where a tenant can enjoy offices and standards that they would enjoy in the Plaza District that rents significantly higher than they'll pay in our portfolio and be within walking distance to Grand Central," said <strong>Kenneth Aschendorf</strong>, principal at <strong>APF Properties</strong>.</p>
<p>Asking rents for each building were in the mid-to-upper $40s, said<strong> David Rosenbloom</strong>, an executive director at <strong>Cushman &amp; Wakfield </strong>who represented APF Properties in the deals. Lease lengths ranged from 2 years to 10 years, he added.</p>
<p>Last week, APF announced that it closed nine leases in its Club Row Building. Tenants included <strong>Crew Cuts Inc</strong>. – which signed up for <strong>17,773 square feet</strong> of space – and <strong>RLTV</strong> (which will take on <strong>2,868 square feet</strong>).</p>
<p>Mr. Rosenbloom credits the new lease signings to the manner in which his firm branded the APF portfolio with new standards.</p>
<p>They standardized the signage, the common corridors, all of the bathrooms.</p>
<p>The occupancy rates for all of APF's buildings are "north of<strong> 95 percent</strong>," said Mr. Aschendorf.</p>
<p>"When you walk into an APF building, you know immediately you're in an APF building," said Mr. Rosenbloom.</p>
<p>Mr. Rosenbloom worked alongside <strong>Joshua A. Goldman, Emily Weber, Jonathan Fales, </strong>and<strong> Michael Blanchard </strong>in representing APF Properties.</p>
<p>The recent string of signings is further evidence Cushman &amp; Wakefield and APF Properties have shared a fruitful relationship since the two paired in January 2010.</p>
<p>"They have a strong level of integrity," said Mr. Aschendorf. "That credibility that they take with them goes a long way."</p>
<p>Transactions at <strong>25 West 45th Street</strong> include:</p>
<ul>
<li><strong>Glenfarne, LLC </strong>leased 2,592 square  feet on the 4<sup>th</sup> floor. <strong>Kevin Phelan </strong>from <strong>Capstone Realty</strong> represented  the tenant. <strong> </strong></li>
<li><strong>Ideal Diamond  Trading, Inc. </strong>leased 1,568 square  feet on the 5<sup>th</sup> floor. <strong>Cushman &amp; Wakefield</strong> represented the tenant  and landlord.<strong> </strong></li>
<li><strong>Soundview  Management Services LLC </strong>renewed its lease  for 1,944 square feet on the 5<sup>th</sup> floor. Cushman &amp; Wakefield  represented the tenant and landlord.<strong> </strong></li>
<li><strong>Adept Physical  Therapy, LLC </strong>leased 2,278 square  feet on the 4<sup>th</sup> floor. <strong>James Graham</strong> from <strong>Winslow &amp; Company</strong> represented the tenant. <strong> </strong></li>
<li><strong>The Elizabeth and  Michel Sorel Charitable Organization </strong>leased 1,900 square  feet on the 5<sup>th</sup> floor. <strong>Richard Spana </strong>from <strong>Metropolitan Property Group </strong> represented the tenant.</li>
</ul>
<p><div id="attachment_203687" class="wp-caption alignleft" style="width: 209px"><a rel="attachment wp-att-203687" href="http://www.observer.com/2011/12/exclusive-apf-properties-inks-20-leases-in-four-midtown-office-buildings/286-madison-2006-photo-2/"><img class="size-medium wp-image-203687" title="286 Madison - 2006 Photo (2)" src="http://nyoobserver.files.wordpress.com/2011/12/286-madison-2006-photo-2.jpg?w=199&h=300" alt="" width="199" height="300" /></a><p class="wp-caption-text">286 Madison Avenue </p></div></p>
<p>Deals done at <strong>286 Madison </strong>include:</p>
<ul>
<li><strong>RIS Real  Properties, Inc.</strong> expanded on the  22<sup>nd</sup> floor and now occupies 3,874 square feet. <strong>Cushman &amp;  Wakefield</strong> represented the tenant and landlord.</li>
<li><strong>G&amp;M Real Estate </strong>leased 3,595 square  feet on the 18<sup>th</sup> floor<strong>. </strong>Cushman &amp; Wakefield represented  the tenant and landlord.</li>
<li><strong>Global Relay USA,  Inc.</strong> leased 2,517  square feet on the seventh floor. <strong>Howard Kaplowitz</strong> from<strong> Colliers International</strong> represented the tenant.</li>
<li><strong>Remedy Systems </strong>leased 1,902 square  feet on the 13<sup>th</sup> floor. <strong>Javon Johnson</strong> from <strong>Glenmark Realty</strong> represented the tenant.</li>
<li><strong>Lincrea Corporation </strong>leased 1,048 square  feet on the ninth floor. <strong>Keiko Masubuchi </strong>represented the  tenant.</li>
</ul>
<p>A notable deal at<strong> 1156  Avenue of the Americas</strong> includes:</p>
<p><strong> </strong></p>
<ul>
<li><strong>MBK Capital  Management LLC (a division of Mitsui)</strong> leased 2,764  square feet on the third floor. <strong>Bruce Weinberg</strong> of <strong>CBRE</strong> represented the  tenant. <em>drosen@observer.com </em></li>
</ul>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><em> </em></p>
]]></description>
		<content:encoded><![CDATA[<p>A week after real estate investment firm <strong>APF Properties</strong> announced that it completed nine new leases at its "Club Row Building", the company said it had locked up eleven more in three of its other office buildings, <em>The Commercial Observer</em> has learned.</p>
<p><div id="attachment_203686" class="wp-caption alignleft" style="width: 210px"><a rel="attachment wp-att-203686" href="http://www.observer.com/2011/12/exclusive-apf-properties-inks-20-leases-in-four-midtown-office-buildings/25w45th/"><img class="size-medium wp-image-203686" title="25w45th" src="http://nyoobserver.files.wordpress.com/2011/12/25w45th.jpg?w=200&h=300" alt="" width="200" height="300" /></a><p class="wp-caption-text">25 West 45th Street</p></div></p>
<p>All 20 signings - worth a total of <strong>76,000 square feet </strong>- took place in four of APF Properties' buildings: <strong>28 West 44th Street, 1156 Avenue of the Americas, 25 West 45th Street</strong> and <strong>286 Madison Avenue.</strong></p>
<p>APF attributed its new signings to offering "Plaza-quality pre-builts, where a tenant can enjoy offices and standards that they would enjoy in the Plaza District that rents significantly higher than they'll pay in our portfolio and be within walking distance to Grand Central," said <strong>Kenneth Aschendorf</strong>, principal at <strong>APF Properties</strong>.</p>
<p>Asking rents for each building were in the mid-to-upper $40s, said<strong> David Rosenbloom</strong>, an executive director at <strong>Cushman &amp; Wakfield </strong>who represented APF Properties in the deals. Lease lengths ranged from 2 years to 10 years, he added.</p>
<p>Last week, APF announced that it closed nine leases in its Club Row Building. Tenants included <strong>Crew Cuts Inc</strong>. – which signed up for <strong>17,773 square feet</strong> of space – and <strong>RLTV</strong> (which will take on <strong>2,868 square feet</strong>).</p>
<p>Mr. Rosenbloom credits the new lease signings to the manner in which his firm branded the APF portfolio with new standards.</p>
<p>They standardized the signage, the common corridors, all of the bathrooms.</p>
<p>The occupancy rates for all of APF's buildings are "north of<strong> 95 percent</strong>," said Mr. Aschendorf.</p>
<p>"When you walk into an APF building, you know immediately you're in an APF building," said Mr. Rosenbloom.</p>
<p>Mr. Rosenbloom worked alongside <strong>Joshua A. Goldman, Emily Weber, Jonathan Fales, </strong>and<strong> Michael Blanchard </strong>in representing APF Properties.</p>
<p>The recent string of signings is further evidence Cushman &amp; Wakefield and APF Properties have shared a fruitful relationship since the two paired in January 2010.</p>
<p>"They have a strong level of integrity," said Mr. Aschendorf. "That credibility that they take with them goes a long way."</p>
<p>Transactions at <strong>25 West 45th Street</strong> include:</p>
<ul>
<li><strong>Glenfarne, LLC </strong>leased 2,592 square  feet on the 4<sup>th</sup> floor. <strong>Kevin Phelan </strong>from <strong>Capstone Realty</strong> represented  the tenant. <strong> </strong></li>
<li><strong>Ideal Diamond  Trading, Inc. </strong>leased 1,568 square  feet on the 5<sup>th</sup> floor. <strong>Cushman &amp; Wakefield</strong> represented the tenant  and landlord.<strong> </strong></li>
<li><strong>Soundview  Management Services LLC </strong>renewed its lease  for 1,944 square feet on the 5<sup>th</sup> floor. Cushman &amp; Wakefield  represented the tenant and landlord.<strong> </strong></li>
<li><strong>Adept Physical  Therapy, LLC </strong>leased 2,278 square  feet on the 4<sup>th</sup> floor. <strong>James Graham</strong> from <strong>Winslow &amp; Company</strong> represented the tenant. <strong> </strong></li>
<li><strong>The Elizabeth and  Michel Sorel Charitable Organization </strong>leased 1,900 square  feet on the 5<sup>th</sup> floor. <strong>Richard Spana </strong>from <strong>Metropolitan Property Group </strong> represented the tenant.</li>
</ul>
<p><div id="attachment_203687" class="wp-caption alignleft" style="width: 209px"><a rel="attachment wp-att-203687" href="http://www.observer.com/2011/12/exclusive-apf-properties-inks-20-leases-in-four-midtown-office-buildings/286-madison-2006-photo-2/"><img class="size-medium wp-image-203687" title="286 Madison - 2006 Photo (2)" src="http://nyoobserver.files.wordpress.com/2011/12/286-madison-2006-photo-2.jpg?w=199&h=300" alt="" width="199" height="300" /></a><p class="wp-caption-text">286 Madison Avenue </p></div></p>
<p>Deals done at <strong>286 Madison </strong>include:</p>
<ul>
<li><strong>RIS Real  Properties, Inc.</strong> expanded on the  22<sup>nd</sup> floor and now occupies 3,874 square feet. <strong>Cushman &amp;  Wakefield</strong> represented the tenant and landlord.</li>
<li><strong>G&amp;M Real Estate </strong>leased 3,595 square  feet on the 18<sup>th</sup> floor<strong>. </strong>Cushman &amp; Wakefield represented  the tenant and landlord.</li>
<li><strong>Global Relay USA,  Inc.</strong> leased 2,517  square feet on the seventh floor. <strong>Howard Kaplowitz</strong> from<strong> Colliers International</strong> represented the tenant.</li>
<li><strong>Remedy Systems </strong>leased 1,902 square  feet on the 13<sup>th</sup> floor. <strong>Javon Johnson</strong> from <strong>Glenmark Realty</strong> represented the tenant.</li>
<li><strong>Lincrea Corporation </strong>leased 1,048 square  feet on the ninth floor. <strong>Keiko Masubuchi </strong>represented the  tenant.</li>
</ul>
<p>A notable deal at<strong> 1156  Avenue of the Americas</strong> includes:</p>
<p><strong> </strong></p>
<ul>
<li><strong>MBK Capital  Management LLC (a division of Mitsui)</strong> leased 2,764  square feet on the third floor. <strong>Bruce Weinberg</strong> of <strong>CBRE</strong> represented the  tenant. <em>drosen@observer.com </em></li>
</ul>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><em> </em></p>
]]></content:encoded>
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		<title>True Religion Scampers to MePa with Gansevoort Deal</title>

		<comments>http://observer.com/2010/07/true-religion-scampers-to-mepa-with-gansevoort-deal/#comments</comments>
		<pubDate>Mon, 12 Jul 2010 21:16:21 -0400</pubDate>
					<link>http://observer.com/2010/07/true-religion-scampers-to-mepa-with-gansevoort-deal/</link>
			<dc:creator>Roland Li</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/true-religion-logo.jpg?w=300&h=199" />
<p align="left"><strong>71 Gansevoort Street</strong></p>
<p align="left">The shoemaker <strong>True Religion Footwear</strong>, which featured omega signs in its collection from 2008, has signed a <strong>4,617-square-foot</strong> lease on the third floor of 71 Gansevoort Street in the meatpacking district.</p>
<p align="left"><strong>Isaac Kashanian</strong> of <strong>Metropolitan Property Group</strong> represented the tenant. <strong>Darryl Romanoff</strong> represented the landlord, <strong>Romanoff Equities</strong>, in-house.</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/true-religion-logo.jpg?w=300&h=199" />
<p align="left"><strong>71 Gansevoort Street</strong></p>
<p align="left">The shoemaker <strong>True Religion Footwear</strong>, which featured omega signs in its collection from 2008, has signed a <strong>4,617-square-foot</strong> lease on the third floor of 71 Gansevoort Street in the meatpacking district.</p>
<p align="left"><strong>Isaac Kashanian</strong> of <strong>Metropolitan Property Group</strong> represented the tenant. <strong>Darryl Romanoff</strong> represented the landlord, <strong>Romanoff Equities</strong>, in-house.</p>
]]></content:encoded>
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