Marcus & Millichap sells 3,300 s/f single-tenant net-leased building

Marcus & Millichap Real Estate Investment Services has brokered the sale of Arby's ground lease, a 3,300 s/f single-tenant net-leased property sits on one acre. The asset commanded a sales price of $780,000. Judson Kauffman and Glen Kunofsky, investment specialists in Marcus & Millichap's Manhattan office, had the exclusive listing to market the property on behalf of the seller, a developer. The tenant, an Arby's franchise exercised their right of first refusal and John Przybyla, a broker from the Illinois office assisted in the closing. "Our marketing drove many offers which achieved the seller a higher price then the tenant was originally willing to pay," said Kauffman.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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