The Promotion In Motion Companies – 98,000-Square-Foot Lease – New Jersey
Represented The Promotion In Motion Companies in a ten-year lease of approximately 98,000-sq.-ft. of office and warehouse space with a fitness center and a private lobby in Park Ridge, New Jersey. Promotion In Motion is one of the nation’s leading makers of brand name snacks and confections and one of the 50 largest global candy companies.
Community Preservation Corporation – Affordable Housing
Represented long-standing client, The Community Preservation Corporation, in a joint venture that preserves 1,036 high-quality affordable and supportive housing units in 13 buildings located throughout Brooklyn, the Bronx and Manhattan. The proceeds of the joint venture’s purchase will be used to capitalize a newly formed charitable organization, Blue Sky Social Justice Fund, which is focused on social justice and human rights, including LGBTQI+ rights, water and energy access, anti-slavery and the Black developers network.
Millennium Partners – 500,000 Square-Foot Lease at 399 Park Avenue
Represented Millennium Partners in connection with a new 500,000 square-foot lease with Boston Properties for its international headquarters at 399 Park Avenue in Manhattan.
Shefa School – Ground Lease and Bond Financing – Manhattan
Herrick represented the Shefa School in its 99-year ground lease of 17 West 60th Street in Manhattan’s Lincoln Square neighborhood. The Shefa School is a Jewish community day school serving students in grades 1 through 8 who benefit from a specialized educational environment to address language-based learning disabilities. Constructed in 1921, the 11-story building is adjacent to Columbus Circle. The school is undertaking a complete renovation of the building and will relocate its operations to the new facility upon completion. Herrick also represented the Shefa School in a tax-exempt and taxable bond financing through Build NYC Resource Corporation. The school is using proceeds from the financing to renovate, furnish and equip the property acquired through the ground lease.
Piedmont Realty Trust – 500,000 Square-Foot Lease to New York State
Represented Piedmont Realty Trust in the lease to the New York Office of General Services for approx. 15 state agencies to use 500,000 square feet of space at 60 Broad Street in Manhattan.
Zeta Charter Schools – 124,000 Square-Foot Leasehold Condominium
Represented Zeta Charter Schools in connection with the negotiation of a lease and formation of a leasehold condominium for a to-be-built 124,000 square-foot eight-story stand alone-building in the Inwood section of Manhattan. The building will serve students from pre-K through eighth grade.
Zeta Charter Schools – 25,000-Square-Foot Condominium Unit
Represented Zeta Charter Schools in connection with the negotiation of a lease for a to-be-built 25,000-sq.-ft. condominium unit in the Bronx, which will be occupied by them as a 3rd-8th grade charter school.
Zeta Charter Schools – 72,000-Square-Foot Bronx Charter School
Represented Zeta Charter Schools in connection with the negotiation of a lease for a to-be-built 72,000-sq.-ft. stand-alone building in the Bronx, which will be occupied by them as a pre-kindergarten through 2nd grade charter school.
Classical Charter Schools – 6-Story South Bronx Charter School
Represented Classical Charter Schools in connection with the negotiation and formation of a leasehold condominium for a 6-story 59,000-sq.-ft. charter school in the South Bronx.
William Macklowe Company – Lease to Memorial Sloan Kettering Cancer Center
Represented the William Macklowe Company in connection with the long-term lease to Memorial Sloan Kettering Cancer Center of an approximately 60,000-sq.-ft. medical facility on the Upper East Side of Manhattan.
Classical Charter Schools – Leasehold Condo – South Bronx, NY
Represented Classical Charter Schools in connection with the negotiation and formation of a leasehold condominium for a new 54,000-sq.-ft. school being constructed in the South Bronx.
Sky Harbour Group – Financing & Ground Leasing for Aviation Hangers – Texas
Represented Sky Harbour Group in connection with its ground lease of development parcels at Sugar Land Regional Airport in Sugar Land, Texas, for private aviation hangars as well as the construction financing for the hangars.
Sky Harbour Group – Ground Lease for Aviation Hangers – Florida
Represented Sky Harbour Group in connection with its ground lease of a development parcel at Miami-Opa Locka Executive Airport in Miami, Florida for private aviation hangars.
Retailer – Leasing Dispute
Represented a children’s retailer in a suit brought by the Metropolitan Transit Authority (MTA) for back rent and future rent (with personal liability) of almost half a million dollars on its lease at Grand Central Terminal. The Herrick team negotiated a favorable settlement on behalf of the client.
Tennor Holdings – Lease for One Vanderbilt
Represented Tennor Holdings in a 25,488 square-foot lease at One Vanderbilt Avenue representing the last available full floor in SL Green’s major development near Grand Central Terminal in midtown Manhattan.
Central Park Conservancy – Manhattan Leasehold Condo
Represented the Central Park Conservancy and an affiliate of Anbang Insurance Company for a full floor lease of 717 Fifth Avenue for 31 years. The lease will be converted to a leasehold condominium.
Vertex Partnership Academies – Leasehold Condo
Represented Vertex Partnership Academies in its lease from the Archdiocese of New York for its initial high school.
Ascend Charter Schools – Leasehold Condo
Represented Ascend Charter Schools in the acquisition of a leasehold condo in Brooklyn, NY. The to-be-constructed building will house another first class Ascend middle school.
Wells Fargo – Branch Lease at 545 Madison Avenue
Represented Wells Fargo Bank in a high profile bank branch lease at 545 Madison Avenue, a prime location in the Plaza District, and in the termination of their existing bank branch lease at 540 Madison Avenue.
Terra Holdings – Hospital for Special Surgery Commercial Lease
Represented Terra Holdings in the Hospital for Special Surgery’s lease of 17,000-sq.-ft. of space at 770 Lexington Avenue in New York City.
Convene – NYC Leasing Counsel
Represented Convene in multiple New York City leases, including their flagship location with more than 70,000-sq.-ft. of retail/event space at Brookfield Place in downtown Manhattan. The space comprises the former Saks Fifth Avenue lower Manhattan flagship location.
Wells Fargo – Madison Avenue Lease Renewal
Represented Wells Fargo in the lease renewal of their flagship location at 437 Madison Avenue. The bank signed a five-year renewal for its 7,206-sq.-ft. space at the William Kaufman Organization building, which spans the blockfront between East 49th and East 50th Streets.
Ascend Charter Schools – Brooklyn Lease
Represented Ascend Charter Schools in a 45,000-sq.-ft. lease from the Moinian Group and Bushburg Properties in their new luxury residential tower at 123 Linden Blvd. in Brooklyn, NY.
U.S. Banking Institution – Sale of 77-Property, 15-State Real Estate Portfolio
Represented one of the largest U.S. banking institutions in the sale of a 77-property, 15-state real estate portfolio to a global investment management firm. The transaction also involved the leaseback of 22 properties.
Westfield Corporation – Fulton Center Retail Leasing
Represented Westfield Corporation in the retail leasing of Manhattan's Fulton Center. Fulton Center is one of New York City's largest transit hubs - approximately 300,000 people travel through it every weekday.
Drugstore Chain – Retail Leases
Represented a national drugstore chain in the leasing of retail locations throughout the U.S.
Reuters 3 Times Square Development
Represented Reuters in the development, construction and leasing of 3 Times Square, an 855,000-sq.-ft. office tower in Times Square.
Luxury Appliance Company – Manhattan Showroom Lease
Represented a multinational home appliance company in a showroom lease in Manhattan's A&D Building.
MLA Properties – Retail Lease – Sanford, North Carolina
Represented MLA Properties in a retail lease to Spectrum Communications at The Shops at Cameron Place in Sanford, NC.
Rabina Properties – MedMen Lease – Miami, FL
Represented Rabina Properties in a lease to MedMen for their Collins Avenue property in Miami Beach. MedMen is one of the leading publicly traded, United States-based cannabis company with operations in California, Nevada, New York, and Florida.
Three Ocean Partners – Manhattan Headquarters Lease
Represented Three Ocean Partners the lease for the company headquarters in midtown Manhattan.
Wind Rose – Restaurant Lease
Represented Wind Rose, a Korean fusion restaurant, in the lease of their first location at 39 Downing Street in the West Village.
DH Property Holdings Affiliate – Red Hook, Brooklyn – Ground Lease of Industrial Property
Represented an affiliate of DH Property Holdings, LLC in the 99-year ground lease of an industrial property in Red Hook, Brooklyn.
Leasehold Condos – New York City Charter Schools
Represented a New York real estate developer in connection with the formation of leasehold condominiums for multiple charter schools in various locations in NYC.
RXR – Lease at 61 Broadway
Represented RXR Realty in a lease of the entire 33rd floor at 61 Broadway to Hello Alfred.
Turkish Consulate – Lease at 605 Third Avenue
Represented the Turkish Consulate General in New York in a lease of the entire 30th floor at 605 Third Avenue in Manhattan.
RXR – Office and Retail Leasing
Representing RXR Realty, one of the largest real estate operating and investment companies in the New York tri-state area, in a wide range of office and retail leasing matters.
Cipriani – 30 Rockefeller Plaza Restaurant Lease
Represented the Cipriani family in their lease of the world famous Rainbow Room at 30 Rockefeller Center.
Wells Fargo – Park Avenue Office Lease
Represented Wells Fargo in a new office lease at 280 Park Avenue, a joint venture of Vornado and SL Green.
RXR – OXO International Lease
Represented RXR in OXO International's 50,000+ sq.-ft. lease in Manhattan's Starrett Lehigh Building.
Real Estate Owner – $3 Million Commercial Leasing Dispute
Represented an affiliate of one of the nation’s largest owners, developers and managers of class A office space in a Manhattan office leasing dispute with a high profile hedge fund tenant and two unauthorized sub-tenants over unpaid rent and associated charges totaling nearly $3 million. Shortly after commencing litigation, the firm negotiated a settlement which allowed the client to quickly recover possession of the space.
U.S. Bank – Branch and Office Leases
Represented a top five U.S. bank in its retail branch and office leases throughout New York and New Jersey.
Madison Avenue Art Gallery – Office Lease
Represented an art gallery in a Madison Avenue office lease with Vornado Realty Trust.
Financial Institution – 2 Penn Plaza Branch Lease
Represented a large financial institution in a retail branch lease at 2 Penn Plaza with Vornado Realty Trust.
Mizuho Corporate Bank – 150,000-Square-Foot Sublease
Represented Mizuho Corporate Bank in its sublease of 150,000-sq.-ft.at One State Street Plaza in Manhattan.
Cipriani – 25 Broadway Lease
Represented Cipriani in the leasing of its banquet facility at 25 Broadway.
Metropolitan Commercial Bank – Leasing Matter
Represented Metropolitan Commercial Bank in the leasing of a new suburban bank branch.
Nomura Securities – 3 Bryant Park Sublease
Represented a subsidiary of Nomura Securities, in a 70,000-sq.-ft. sublease to Stifel, Nicolaus & Company at 3 Bryant Park.
Nomura America – U.S. Office Leasing
Represented the investment bank Nomura America in office leasing matters throughout the U.S.
Instinet – Manhattan Office Lease
Represented Instinet in connection with a new corporate headquarters lease at 1095 Avenue of the Americas.