Lease Deals of the Week: 300K-SF Queens Film Studio Lease
The top five leases in New York City from Feb. 12 to Feb. 16.
By The Editors February 16, 2024 10:00 am
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This week, Queens got the money. The World’s Borough saw a whopper of a deal with MBS Studios taking 300,000 square feet to open a film studio in the Glendale neighborhood. Aside from that, Wegmans got a second chance on an Upper West Side retail space with the grocery chain’s chairman, Danny Wegman, signing a lease for 58,874 square feet at 1932 Broadway. It’s unclear if it will eventually hold an outpost of the popular supermarket, with a spokesperson for the chain saying it was a personal investment.
| Tenant | Sq. Feet | Address | Type | Landlord | Brokers | Asset |
|---|---|---|---|---|---|---|
| MBS Group | 300,000 | 66-31 and 66-35 Otto Road | New | GLP | Landlord: JLL's Leslie Lanne and Adam Citron. Tenant: N/A | Industrial |
| Danny Wegman | 58,874 | 1932 Broadway | New | Glenwood Management | Landlord and Tenant: Ripco's Beth Rosen, Ben Davide, Gene Spiegelman and Peter Ripka | Retail |
| OTDA | 45,000 | 26 Broadway | Relocation | Chetrit Group | Landlord: Newmark's Howard Kessler. Tenant: CBRE's Gary Kamenetsky | Office |
| China Merchants Bank | 43,060 | 535 Madison Avenue | Renewal | Park Tower Group | Landlord: CBRE’s Brian Gell and Laurence Briody. Tenant: Cresa's Michael Goldman, Barry Spagna and Erik Sznip | Office |
| Barry McTiernan & Moore | 18,464 | One Battery Park Plaza | Relocation | Rudin | Landlord: Rudin's Kevin Daly. Tenant: Cushman & Wakefield's Mark Weiss and Jonathan Schindler | Office |
Lease deals of the week reflect leases closed or announced from Feb. 12 to Feb. 16. Information on leases can be sent to editorial@commercialobserver.com.
1932 Broadway, 26 Broadway, 535 Madison Avenue, 66-31 Otto Road, Deals of the Week, One Battery Plaza, Chetrit Group, Glenwood Management, GLP, Park Tower Group, Rudin
