Leases
Investment firm inks Plaza District lease
Address: 545 Madison Ave., Manhattan
Landlord: Marx Realty
Tenant: BellTower Partners
Lease size: 9,000 square feet
Lease length: 10 years
Asset type: Office
Brokers: A Cushman & Wakefield team led by Tara Stacom represented the landlord. CBRE’s Zac Price and Neil King represented the tenant.
Finance firm takes space on Lexington Avenue
Address: 600 Lexington Ave., Manhattan
Landlord: 600 Lex Equities
Tenant: Garnet Credit Management
Lease size: 8,875 square feet
Asset type: Office
Brokers: Cushman & Wakefield’s Harry Blair, Natalie Tobar-Romero and Harry Blair IV represented the landlord. Newmark’s Aaron Winston, Eric Zemachson, Neil Goldmacher and Chris Mongeluzo represented the tenant.
Sales
Hilton Garden Inn hotel changes hands at a loss
Address: 121 W. 28th St., Manhattan
Seller: Peter Wu
Buyer: Raymond Chau
Sale price: $49.9 million
Asset type: Hospitality
Midtown’s Friars Club goes back to lender after foreclosure auction
Address: 57 E. 55th St., Manhattan
Seller: Ian Lagoqitz, receiver
Buyer: Kairos Investment Management
Sale price: $15 million
Asset type: Special purpose
Financings
Apollo provides funding for FiDi residential towers
Address: 63-67 Wall St., Manhattan
Owner: Rockpoint and Brooksville Co.
Lender: Apollo Global Management
Loan Amount: $275 million
Asset type: Multifamily
Brokers: Newmark’s Jordan Roeschlaub, Nick Scribani and Chris Kramer represented the owner.
