Leases
Commercial cleaning business expands in Garment District
Address: 318 W. 39th St., Manhattan
Landlord: GFP Real Estate
Tenant: First Quality Maintenance
Lease size: 6,000 square feet
Asset type: Office
Brokers: GFP Real Estate’s Matthew Mandell represented both the landlord and the tenant.
Sales
Westchester investor acquires storefront co-op near Union Square
Address: 85 Fifth Ave., Manhattan
Seller: SL Green Realty Corp.
Buyer: Acadia Realty Trust
Sale price: $46.8 million
Asset type: Retail
Financings
Developers refinance 14-story Chelsea mixed-use project
Address: 278 Eighth Ave., Manhattan
Owners: JJ Operating and Alchemy-ABR Investment Partners
Lender: Athene Annuity and Life Company
Loan amount: $50 million
Asset type: Mixed-use
