Solar firm signs on
CBRE Group recently brokered a 32,000-square-foot office and industrial lease on behalf of building owner Lighthouse Real Estate Ventures with SolarCity Corp., a residential and commercial solar energy services company, at 203 Ridgewood Drive in Elmsford.
Based in San Mateo, Calif., the 6-year-old company signed a five-year lease for the entire property as part of a three-pronged expansion into New York. (See related story here.)
Kevin Langtry and William V. Cuddy Jr., of CBRE”™s Stamford office, represented Lighthouse in negotiations, while John Grady of Cushman & Wakefield Inc. represented the tenant.
The property is in Fairview Corporate Park, which includes four Class A buildings totaling 250,535 square feet of flex space. Langtry said the SolarCity deal brought the Lighthouse Elmsford portfolio to full occupancy.
Green markets firm renews
Evolution Markets L.L.C., a financial services provider to the clean energy sector, has signed an early five-year lease renewal for its 10,279-square-foot space at 10 Bank St. in downtown White Plains.
The deal was announced by Jeffrey H. Newman, executive vice president of Malkin Properties, landlord and marketing and managing agent for the 12-story, 225,000-square-foot Class A building. The lease runs through 2018. Evolution Markets has been a 10 Bank St. tenant since 2002.
Newman and Malkin Properties leasing associates Kimberly Zaccagnino and Tara Long represented the landlord in the transaction. The tenant was represented by brokers Steve Baker and Matthew Lisk of Cushman & Wakefield Inc.
Attorneys in the transaction included Kenneth Theil, of Stroock & Stroock & Lavan L.L.P. in Manhattan, for Evolution Markets, and David Bleckner and Ian Lester, of David J. Bleckner P.C. in Manhattan, for the landlord.
August deals at Friedland
NAI Friedland Realty Inc. in Yonkers reported four deals closed in August in Westchester County by its industrial and retail divisions.
In Mount Vernon, Ross Schneiderman, Friedand senior executive vice president, was the sole broker in the $750,000 sale of a 12,000-square-foot industrial property at 520 Homestead Ave. The seller was 520 Homestead Corp. and the buyer was 520 Homestead Avenue L.L.C.
In Yonkers, Friedland executive vice president Steven Kornspun was the sole broker in the lease of 7,272 square feet of retail space by Car Tattoos, Decals & Sportswear. The landlord is Lubin Flowers L.L.C.
The U.S. Army Corps of Engineers leased 2,774 square feet of space at 2455 Central Park Ave. in Yonkers. Friedland retail specialist Lou Klein represented both the tenant and the landlord, LCJD Realty.
In Harrison, Friedland sales representative Ryan Shay represented PM Amusements & Vending Inc. in its lease of 1,288 square feet of office space at 106 Corporate Park Drive, a property of Normandy Real Estate Partners.
Tax firm taps CBRE for national expansion
WTP Advisors, an independent tax consulting firm based in downtown White Plains, has named CBRE Group as exclusive real estate transaction adviser for its national real estate portfolio.
Brokers Kevin J. McCarthy and Timothy C. Donohue, of CBRE”™s Stamford office, will oversee the work for WTP with support from James Harding, managing director of global corporate services in the firm”™s New York City office.
CBRE officials said WTP Advisors plans to expand its U.S. presence over the next three years, with an estimated two to four offices set to open annually. Donohue said the firm will increase its presence in this region by up to 25,000 square feet of office space.
WTP has eight offices in the U.S. and several affiliate offices with partner tax advisory firms throughout Asia and Europe.
