Leases
FDIC inks massive Midtown lease
Address: 1166 Sixth Ave., Manhattan
Landlord: Edward J. Minskoff Equities
Tenant: The FDIC
Lease size: 147,543 square feet
Lease length: 10 years
Asking rent: Building asking rents start in the $80s per square foot.
Asset type: Office
Brokers: Colliers’ Connor Faught and Sheena Gohil represented the tenant. JLL’s Paul Glickman, Diana Biasotti, Cynthia Wasserberger and Christine Colley represented the landlord, along with Jeffrey Sussman and Matt Pynn in-house.
Vornado lands new Penn 1 lease
Address: Penn 1, Manhattan
Landlord: Vornado Realty Trust
Tenant: LifeSciences Consultants
Lease size: 4,092 square feet
Asset type: Office
Brokers: Lee & Associates NYC’s Woody King and Todd Korren represented the tenant. Anthony Cugini, Josh Glick and Jared Silverman represented the landlord in-house.
Sales
8-story, 22-unit development project sells in Midwood
Address: 1600 E. 19th St., Brooklyn
Seller: Gavriel Sakaff
Buyer: The ARC Cos.
Sale price: $27.6 million
Asset type: Mixed-use
Financings
Utah firm finances several Greenpoint properties
Addresses: 202-218, and 222 Morgan Ave.; 274 Russell St., Brooklyn
Owner: Bridge Investment Group
Lender: TPG Real Estate Finance Trust
Loan amount: $99.8 million
Asset type: Industrial
