Lease Beat: 8.26.09

Number-crunching firm Stein, de Visser & Mintz PC has signed a seven-year lease for 6,500 square feet on the 14th floor of 29 West 38th Street, where the asking rent is $42 a square foot. CB Richard EllisClyde Reetz repped the accountants in talks with landlord Murray Hill Properties.

PropertyShark. –which has an exclusive arrangement to publish videos on 400 social networking sites (a definition that we, too, only kind of understand) -- has signed a two-year, 6,800-square-foot sublease at 70 West 36th Street, where the asking rent was a decidedly modest $21 a square foot. Elliot Warren of The Kaufman Organization represented; CresaPartnersPaul Weir represented the sub-landlord, Ere, LLP.


Sherwood Equities is fast filling up its recently purchased and newly renovated 370 Lexington Avenue, signing deals with six small tenants this summer, including bookkeepers Wallin Simon & Black (1,956 square feet) and Becker CPA LLC (1,967 square feet); I.T. gurus The Phoenix Group Associates (2,556 square feet); broker/lender the Park Avenue Mortgage Group (1,307 square feet); non-profit Friends of Bezalel Academy of Arts and Design (840 square feet); and hedge fund service provider Meridian Fund Services (which renewed and expanded for a total of 4,890 square feet). Sherwood’s Jill Burrowes and Adam Weissleder repped the landlord, as well as Becker, Park Avenue and Meridian. Newmark’s Arthur Draznin repped Wallin; Murray Hill PropertiesJeff Fernholz repped Phoenix. And CitiHabitat’s Jeff Roth repped Friends of Bezalel.


Swedish-style caffeine consumption continues to percolate through the coffee-worship scene. Fika Espresso and Chocolate Bar will in October open its third location, in 1,500 square feet on the ground-floor of a four-story red-brick residential building at 66 Pearl Street. The Cornerstone Group’s Andrew Hawkins represented the tenant in negotiations for the 12-year Financial District lease with landlord Bernstein Real Estate. Asking rent was $18,000 a month.


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