Leases
Vornado lands new tenant on Park Avenue
Address: 90 Park Ave., Manhattan
Landlord: Vornado Realty Trust
Tenant: Balbec Capital
Lease size: 13,200 square feet
Asset type: Office
Brokers: CBRE’s Neil King and David Stockel represented the tenant.
Credit union network inks FiDi lease
Address: 55 Broadway, Manhattan
Landlord: Harbor Group International
Tenant: Inclusiv
Lease size: 10,986 square feet
Asking rent: $65 per square foot
Asset type: Office
Brokers: CBRE’s Brad Gerla, Jonathan Cope and Hayden Pascal represented the landlord. Avison Young’s Tom Kaufman represented the tenant.
Luxury candlemaker opening Rockefeller Center boutique
Address: 620 Fifth Ave., Manhattan
Landlord: Tishman Speyer
Tenant: Trudon
Lease size: 368 square feet
Lease length: Five years
Asset type: Retail
Brokers: Ripco Real Estate’s Richard Skulnik and Ben Sabin represented the tenant.
Sales
Empire Management unloads Upper West Side rental building
Address: 244 W. 72nd St., Manhattan
Seller: Fred Ohebshalom
Buyer: Michael Alvandi
Sale price: $40 million
Asset type: Mixed use
Developer finds a taker for Upper East Side parcel
Address: 355 E. 86th St., Manhattan
Seller: Extell Development Co.
Buyer: Cheskel Schwimmer
Sale price: $50 million
Asset type: Development site
