NEW IN TOWN
Burgrito’s
173 Fourth Ave., Brooklyn
The Bethpage, L.I., eatery opened a Park Slope location. Its signature Burgrito is a cheeseburger with chipotle sauce and the works wrapped in a flour tortilla. There is also a meat-free Veg-rito.
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Simon Indian Palace
230 E. 58th St.
The Midtown Indian restaurant has a broad vegetarian and non-vegetarian regional menu and a weekday lunch buffet.
Until Tomorrow
507 Myrtle Ave., Brooklyn
The new bar in the Clinton Hill–Fort Greene neighbor-hood strives for a relaxed, casual vibe in its decor and cocktails and bar menu. The bar can seat 30 patrons, plus 30 more in the backyard when weather permits.
Verts Mediterranean Grill
24 E. 23rd St.
The fast-casual chain, with a menu of pitas, salads, rice bowls and grain bowls, breaks into the New York City market with this Flatiron District location.
COMPANY MOVES
Creamline
180 Seventh Ave.
The “farm to tray,” fast-casual comfort-food restaurant in Chelsea Market opened its first 18-seat, standalone eatery, in Chelsea.
Orangetheory Fitness
51 Astor Place
The Fort Lauderdale, Fla.–based fitness franchise opened its first corporate-owned outpost in New York City. In addition to this East Village location, the company franchised four other locations in Brooklyn and Manhattan.
Mergers/acquisitions
An investment group led by New York private-equity firm Falconhead Capital and Virginia-based M3 Outdoor Investments acquired Kwik Tek Inc., a designer and supplier of outdoor sports–branded products that is located in Denver. Terms of the deal were not disclosed.
Real Estate
COMMERCIAL
Bed Bath & Beyond signed a 10-year lease for 27,778 square feet at 250 Hudson St. The retailer’s design and photo studio will occupy the entire 11th floor of the Hudson Square building this summer. Its subsidiary, One Kings Lane, signed a 10-year lease for 51,576 square feet at 315 Hudson St. In 2018 it will relocate its design and photo studio from the eighth floor of the building to the entire fourth floor. Asking rents at both buildings are between $75 and $90 per square foot. The tenants were represented by Douglas Elliman. The buildings’ owner, Jack Resnick & Sons, was represented in-house for the 250 Hudson St. deal and by Newmark Grubb Knight Frank for 315 Hudson St.
Book publisher Abrams has signed a 15-year lease at 195 Broadway, AT&T’s former 41,982-square-foot world headquarters. L&L Holding Co., the building’s owner, represented itself. Cushman & Wakefield represented the tenant. The asking rent was $59 per square foot. Abrams will relocate its staff from 115 W. 18th St. in the third quarter.
Crossix, a health care and media analytics company, has signed a lease for 28,000 square feet at 1375 Broadway. The Schoen Group represented Crossix; CBRE represented the landlord, Westbrook Partners. The asking rent was in the mid-$60s per square foot.
Law firm Roberts & Holland has signed a 15-year lease for 27,000 square feet at 1675 Broadway, at West 52nd Street. The lease, which extends until 2032, encompasses the building’s 17th floor. The firm plans to relocate from its current offices at Worldwide Plaza during the third quarter. CBRE represented the tenant; the landlord, the Rudin family, was represented by its Rudin Management Co. The asking rent was $75 per square foot.
Bobphil d/b/a Liform Imports signed a five-year lease for 18,350 square feet at 58-25 52nd Ave. in Queens. The furniture wholesaler and distributor is relocating its warehousing and distribution operation to the Woodside neighbor-hood from Greenpoint, Brooklyn. Asking rent was $18 per square foot. The tenant was represented by Harvest International; the building’s owner, RHK & Associates, was represented by Kalmon Dolgin Affiliates.
RETAIL
Ascot Properties has purchased 682 Broadway from Premier Equities for $10 million. The corner retail space of the NoHo building at Great Jones Street encompasses 1,400 square feet on the ground floor, 400 square feet in the basement and 50 feet of frontage—all currently leased long-term to GNC. The owner was represented by RKF; Marshall Real Estate represented the buyer.
The Plaza’s Caudalie Vinotherapie Spa has signed a 10-year lease for 1,620 square feet at Friedland Properties’ 819 Madison Ave. Cushman & Wakefield arranged the deal.
Dita, a California luxury eyewear company, signed a lease for 800 square feet at 944 Madison Ave., where it plans to open its second New York City store in the spring. The new store will occupy 600 square feet on the ground floor and 200 square feet on the lower level. RKF represented Dita in the transaction; the landlord, 14 E. 75th St. Inc., was represented by CBRE.
MULTIFAMILY
West End Manor has sold 315-317 W. 102nd St. for $23.5 million. The 36,000-square-foot, 9-story prewar apartment building, which is located between West End Avenue and Riverside Drive, was purchased by an undisclosed private investor. Cushman & Wakefield represented both the buyer and the seller.
BANKRUPTCIES
Autorama Enterprises Inc.
935 Garrison Ave., Bronx
The company filed for Chapter 11 bankruptcy on Jan. 11. The filing cites estimated assets of $1,000,001 to $10 million and estimated liabilities of $500,001 to $1 million.
Color Resources Center Inc.
20 W. 22nd St.
Color Resources Center filed for Chapter 11 bankruptcy on Jan. 11. The filing cites estimated assets of $50,001 to $100,000 and estimated liabilities of $100,001 to $500,000.
FPF Restaurant Inc.
230 E. 44th St.
FPF filed for Chapter 11 bankruptcy on Jan. 17. The filing cites estimated assets of $1,000,001 to $10 million and estimated liabilities of $500,001 to $1 million.
Telentos Construction Corp.
56 Sands St., Staten Island
The company filed for Chapter 11 bankruptcy on Jan. 17. The filing cites estimated assets of $0 to $50,000 and estimated liabilities of $1,000,001 to $10 million. The creditors with the largest unsecured claims are Roofers Local Union No. 8, owed $606,395.76; the Internal Revenue Service, owed $597,834.52; and the New York state Department of Labor’s Bureau of Public Work, owed $330,000. ?
To submit company openings, moves, mergers and acquisitions, and real estate deals, or to receive further information, email ForTheRecord@crainsnewyork.com.
For the Record is a listing to help businesspeople in New York find opportunities, potential new clients and updates on customers. Real estate listings are provided in order of square footage. Bankruptcy filings from the eastern and southern districts of New York are listed alphabetically.
Burgrito’s
173 Fourth Ave., Brooklyn
The Bethpage, L.I., eatery opened a Park Slope location. Its signature Burgrito is a cheeseburger with chipotle sauce and the works wrapped in a flour tortilla. There is also a meat-free Veg-rito.
Simon Indian Palace
230 E. 58th St.
The Midtown Indian restaurant has a broad vegetarian and non-vegetarian regional menu and a weekday lunch buffet.
Until Tomorrow
507 Myrtle Ave., Brooklyn
The new bar in the Clinton Hill–Fort Greene neighbor-hood strives for a relaxed, casual vibe in its decor and cocktails and bar menu. The bar can seat 30 patrons, plus 30 more in the backyard when weather permits.
Verts Mediterranean Grill
24 E. 23rd St.
The fast-casual chain, with a menu of pitas, salads, rice bowls and grain bowls, breaks into the New York City market with this Flatiron District location.
Creamline
180 Seventh Ave.
The “farm to tray,” fast-casual comfort-food restaurant in Chelsea Market opened its first 18-seat, standalone eatery, in Chelsea.
Orangetheory Fitness
51 Astor Place
The Fort Lauderdale, Fla.–based fitness franchise opened its first corporate-owned outpost in New York City. In addition to this East Village location, the company franchised four other locations in Brooklyn and Manhattan.
An investment group led by New York private-equity firm Falconhead Capital and Virginia-based M3 Outdoor Investments acquired Kwik Tek Inc., a designer and supplier of outdoor sports–branded products that is located in Denver. Terms of the deal were not disclosed.
COMMERCIAL
Bed Bath & Beyond signed a 10-year lease for 27,778 square feet at 250 Hudson St. The retailer’s design and photo studio will occupy the entire 11th floor of the Hudson Square building this summer. Its subsidiary, One Kings Lane, signed a 10-year lease for 51,576 square feet at 315 Hudson St. In 2018 it will relocate its design and photo studio from the eighth floor of the building to the entire fourth floor. Asking rents at both buildings are between $75 and $90 per square foot. The tenants were represented by Douglas Elliman. The buildings’ owner, Jack Resnick & Sons, was represented in-house for the 250 Hudson St. deal and by Newmark Grubb Knight Frank for 315 Hudson St.
Book publisher Abrams has signed a 15-year lease at 195 Broadway, AT&T’s former 41,982-square-foot world headquarters. L&L Holding Co., the building’s owner, represented itself. Cushman & Wakefield represented the tenant. The asking rent was $59 per square foot. Abrams will relocate its staff from 115 W. 18th St. in the third quarter.
Crossix, a health care and media analytics company, has signed a lease for 28,000 square feet at 1375 Broadway. The Schoen Group represented Crossix; CBRE represented the landlord, Westbrook Partners. The asking rent was in the mid-$60s per square foot.
Law firm Roberts & Holland has signed a 15-year lease for 27,000 square feet at 1675 Broadway, at West 52nd Street. The lease, which extends until 2032, encompasses the building’s 17th floor. The firm plans to relocate from its current offices at Worldwide Plaza during the third quarter. CBRE represented the tenant; the landlord, the Rudin family, was represented by its Rudin Management Co. The asking rent was $75 per square foot.
Bobphil d/b/a Liform Imports signed a five-year lease for 18,350 square feet at 58-25 52nd Ave. in Queens. The furniture wholesaler and distributor is relocating its warehousing and distribution operation to the Woodside neighbor-hood from Greenpoint, Brooklyn. Asking rent was $18 per square foot. The tenant was represented by Harvest International; the building’s owner, RHK & Associates, was represented by Kalmon Dolgin Affiliates.
RETAIL
Ascot Properties has purchased 682 Broadway from Premier Equities for $10 million. The corner retail space of the NoHo building at Great Jones Street encompasses 1,400 square feet on the ground floor, 400 square feet in the basement and 50 feet of frontage—all currently leased long-term to GNC. The owner was represented by RKF; Marshall Real Estate represented the buyer.
The Plaza’s Caudalie Vinotherapie Spa has signed a 10-year lease for 1,620 square feet at Friedland Properties’ 819 Madison Ave. Cushman & Wakefield arranged the deal.
Dita, a California luxury eyewear company, signed a lease for 800 square feet at 944 Madison Ave., where it plans to open its second New York City store in the spring. The new store will occupy 600 square feet on the ground floor and 200 square feet on the lower level. RKF represented Dita in the transaction; the landlord, 14 E. 75th St. Inc., was represented by CBRE.
MULTIFAMILY
West End Manor has sold 315-317 W. 102nd St. for $23.5 million. The 36,000-square-foot, 9-story prewar apartment building, which is located between West End Avenue and Riverside Drive, was purchased by an undisclosed private investor. Cushman & Wakefield represented both the buyer and the seller.
Autorama Enterprises Inc.
935 Garrison Ave., Bronx
The company filed for Chapter 11 bankruptcy on Jan. 11. The filing cites estimated assets of $1,000,001 to $10 million and estimated liabilities of $500,001 to $1 million.
Color Resources Center Inc.
20 W. 22nd St.
Color Resources Center filed for Chapter 11 bankruptcy on Jan. 11. The filing cites estimated assets of $50,001 to $100,000 and estimated liabilities of $100,001 to $500,000.
FPF Restaurant Inc.
230 E. 44th St.
FPF filed for Chapter 11 bankruptcy on Jan. 17. The filing cites estimated assets of $1,000,001 to $10 million and estimated liabilities of $500,001 to $1 million.
Telentos Construction Corp.
56 Sands St., Staten Island
The company filed for Chapter 11 bankruptcy on Jan. 17. The filing cites estimated assets of $0 to $50,000 and estimated liabilities of $1,000,001 to $10 million. The creditors with the largest unsecured claims are Roofers Local Union No. 8, owed $606,395.76; the Internal Revenue Service, owed $597,834.52; and the New York state Department of Labor’s Bureau of Public Work, owed $330,000. ?
To submit company openings, moves, mergers and acquisitions, and real estate deals, or to receive further information, email ForTheRecord@crainsnewyork.com.
For the Record is a listing to help businesspeople in New York find opportunities, potential new clients and updates on customers. Real estate listings are provided in order of square footage. Bankruptcy filings from the eastern and southern districts of New York are listed alphabetically.
A version of this article appears in the February 6, 2017, print issue of Crain’s New York Business.
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