Leases
Old Navy relocates to Herald Towers
Address: 50 W. 34th St., Manhattan
Landlord: JEMB Realty
Tenant: Gap Inc.
Lease size: 55,000 square feet
Asset type: Mixed use
American Apparel founder opens first L.A.-based brand in SoHo
Address: 480 Broadway, Manhattan
Landlord: KPG Funds
Tenant: Los Angeles Apparel
Lease size: 24,700 square feet
Asset type: Retail
Sales
HVAC contractor acquires Hunts Point warehouse
Address: 310 Tiffany St., Bronx
Seller: BNS Real Estate
Buyer: Maric Mechanical
Sale price: $10.3 million
Asset type: Industrial
News update
The Midtown office building sold by RFR Holding to Amazon earlier this month amid foreclosure proceedings traded for $340 million, which paid for the nine office condos making up the 23-story site’s upper floors. And as part of the deal, the owner of No. 522’s storefront, Deka Real Estate, unloaded the space to RFR for $85 million.
