Lease Deals of the Week: Fly E-Bike Takes 57K SF in Queens
The top five leases in New York City from Feb. 26 to March 1.
By The Editors March 1, 2024 10:00 am
reprints
This week, Fly E-Bike — which makes electric bikes, scooters, mopeds and motorbikes — signed the biggest deal for 52,000 square feet at 58-30 Grand Avenue in Maspeth, Queens. Meanwhile, charter school Central Queens Academy took 48,000 square feet for a new campus in Elmhurst, and X Corp., formerly Twitter, sublet 35,384 square feet of its former Chelsea headquarters at 245-249 West 17th Street.
| Tenant | Sq. Feet | Address | Type | Landlord | Brokers | Asset |
|---|---|---|---|---|---|---|
| Fly E-Bike | 52,000 | 58-30 Grand Street | New | The Davis Companies | Landlord: Cushman & Wakefield's Joseph Hentze, Joshua Kleinberg, Helen Paul, Rico Murtha, Gurpreet “Sonny” Singh and Amanda Gerhardt. Tenant: Pinnacle Realty | Industrial |
| Central Queens Academy Charter School | 48,000 | 85-65 Queens Boulevard | New | United Development & Construction Group | Landlord: Compass' Steve Zhu. Tenant: Open Impact Realty's Stephen Powers and Lindsay Ornstein | Commercial |
| MoneyLion (subtenant) | 35,374 | 245-249 West 17th Street | Relocation | X Corp. (sublandlord) | Sublandlord: CBRE's William Iacovelli, Sacha Zarba, Lauren Crowley Corrinet, Elliot Bok and Connor DeSimone. Subtenant: Cornerstone Real Estate Group’s Eric Ladden, Olmstead Properties’ Jason Birk and Steven Marvin | Office |
| Kilpatrick Townsend & Stockton | 27,667 | 3 Times Square | Relocation | Rudin | Landlord: Rudin's Thomas Keating and Cushman & Wakefield's Ron Lo Russo, John Cefaly, John Santora, Paige Engeldrum, Lou D’Avanzo, Michael Burgio and Daniel Organ. Tenant: C&W's Mark Weiss and Sam Hollis | Office |
| Mosaic Insurance (subtenant) | 12,722 | One Grand Central Place | Relocation | PIMCO Prime Real Estate (sublandlord) | Landlord: CBRE's Mark Ravesloot and William Iacovelli. Tenant: Newmark's C.J. Heitner and Matthew Shreiner. | Office |
Lease Deals of the Week reflect leases closed or announced from Feb. 26 to March 1. Information on leases can be sent to editorial@commercialobserver.com.
245-249 West 17th Street, 3 Times Square, 58-30 Grand Street, Deals of the Week, One Grand Central, Open Impact Real Estate, PIMCO Prime Real Estate, Rudin, The Davis Companies
