ABS Partners Completes Three Deals in NYC
NEW YORK, N.Y. (September 21, 2012)ABS Partners Real Estate, LLC, one of New York City’s foremost real estate services firms, announced today that the firm has completed three deals in New York City at the following addresses:
· 2033 Third Avenue in East Harlem, N.Y. ABS completed a triple-net (NNN) lease transaction for a 6,000-square-foot retail space on behalf of S&N Discount, Inc. The store will occupy 5,000 square feet on the ground floor and 1,000 square feet of basement space in the single-story building that is located between East 111th and 112th Streets. The discount store will occupy the largest store between 111th and 116th streets. Mark Tergesen, Managing Director of Retail Leasing for ABS, represented the Landlord, whileRobert K. Futterman & Associates (RKF) Director Young Kim represented the Tenant.
· 459 West 18th Street. ABS completed a 2,000-square-foot lease with Atelier Charles Jouffre, a well known specialist in unique wall décor, custom upholstery and window treatments has workshops and offices in New York and France.Mark Tergesen, Managing Director of Retail Leasing for ABS, along with Dean Valentino, Director, represented the owners of the commercial condo, while Anita Grossberg, Senior Vice President, Prudential Douglas Elliman represented the tenant.
· 223 Third Avenue. ABS helped secure a 1,685-square-foot lease for Nate’s Pharmacy, a niche pharmacy chain that focuses on specialty products not found at larger chain stores. Liberty Travel formerly occupied the site and the transaction represents an expansion for the retailer, which has sites in Brooklyn and on Staten Island. ABS’ Executive Managing Director and Director of Leasing Richard Farley and Managing Director of Retail LeasingMark Tergesen completed the transaction. Farley and Tergesen represented The Landlord and the Tenant in the transaction.
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About ABS Partners Real Estate
ABS Partners Real Estate, LLC is a premier New York-based real estate services firm. Founded by industry leaders with more than a century of collective experience, ABS has assembled a dynamic team of professionals with expertise in all facets of real estate services, including owner-advisory services, leasing, sales and property management. ABS also specializes in land use and ground lease consultation, the transfer of development rights, fractional ownership valuation, FAR valuation, and services specifically related to the issues faced by families holding real estate for multiple generations.