Talkative SiriusXM radio has zipped lips when it comes to its business plans, but we discovered the Mel Karmazin-led company has renewed leases at two city hot spots.
The deals encompass about 130,000 square feet at 1221 Ave. of the Americas and 85,923 square feet at 5 Penn Plaza.
At 1221, the station takes up floors 19, 36 and 37 while the Penn deal encompasses floors 11 and 22. Both buildings carry rooftop antennas to bounce the programs into space.
Among the SiriusXM offerings is Howard Stern’s show, which has guests like Lady Gaga sneaking into elevators.
Michael Goldman and Matt Barlow of Studley represented the station in both deals. The Rock Center-area building had an in-house team led by Ed Guiltinan from the Rockefeller Group while the Penn Plaza building was repped by a CBRE team led by Peter Turchin and Eric Deutsch and had an asking rent in the upper $40s.
Rock Center rents are higher. The companies declined comment.
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A consortium closed on the purchase of 530 Fifth Ave. yesterday for around $390 million from Joseph Moinian and Joseph Chetrit. Including costs, the price topped $425 million, sources said.
The pricing equates to over $780 a square foot for the just-shy-of-500,000 square foot Midtown office building. Because banks are insisting on oodles of dollars of equity in deals, $250 million cash was needed. Those laying out the dough are Norman Sturner’s Murray Hill Properties, Jamestown, Rockwood and Crown Acquisitions.
In 2010, you might recall, this 26-story former Bank of New York tower, which takes up the entire western blockfront from W. 44th to W. 45th Streets, heralded its 34,000 square foot lease to Syms/Filene’s which recently went the way of the dodo.
A retail revival is planned for the space.
Douglas Harmon and Adam Spies of Eastdil Secured marketed the building.
Harmon also marketed the 144-unit luxe apartment building at 2 Cooper Square for Atlantic Development. That sale closed last week for a price north of $100 million, sources said.
Bloomberg reported yesterday the buyer was the Kuwaiti social security system managed by Wafra.
Earlier last month, UDR closed on the $630 million Columbus Square also marketed by Harmon, who was not available for comment.
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Also yesterday, Stonehenge and SL Green Realty Corp. closed on a six-building residential portfolio. Jeff Sutton joined the partnership to buy a seventh building, which includes Armani retail at 760 Madison, while just the Sutton/SLG ongoing venture bought an eighth building, the most valuable of the portfolio, the Prada building, at 724 Fifth Avenue — which is next door to their Abercrombie & Fitch superstore at 720 Fifth. The eight building package sale totaled $416 million, sources said.
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The Municipal Credit Union signed a new 15-year deal to renew its 126,000 square feet on seven floors at 22 Cortlandt St., opposite the World Trade Center and above Century 21’s ever expanding fashion store.
Barry Rosner and Stephen Schofel of Newmark Knight Frank represented the tenant while Barrett Stern of Grubb and Ellis worked for the property owners which show asking rents in the high-$30s for other space in the building.
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A vacant, stalled hotel development site has changed hands for $15 million. The 50 Trinity Place lot downtown on the corner of Rector Street was sold by Sam Chang for $15 million in an off-market transaction through Ivan Hakimian’s HPNY.
A west coast group will now take over the development of an approximately 197-room hotel. City records show tax liens were sold last fall but that should have been paid off at closing. Finance department records show the check for $55,342.07 must still be in the mail.
We couldn’t get anyone to comment or further identify the buyers who must be hoping to cash in on the mini-boom created by Sept. 11 Memorial visitors.
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A go-to spot for online moms is taking over the completely furnished space previously occupied by video game company Atari, at 417 Fifth Ave. CafeMom will move into the 35,000 square feet via a 10-year deal directly with the building.
David Dusek of Studley represented CafeMom while Roxana Girand of Murray Hill Properties represented the ownership.
CafeMom provides an outlet for moms to discuss everything from my daughter’s Eco Nuts soap nuts to sex.
CafeMom was co-founded by Michael Sanchez and Andrew Shue — previously a “Melrose Place” star — who also co-founded Do Something, an organization that empowers young people.
As the RealDeal previously reported, Atari paid to get out of its long lease at 417 and has already downsized into 7,998 square feet on the seventh floor of Charles Cohen’s 475 Park Ave.South at 32nd Street.
Coincidently, Café Mom is moving out of 20,000 square feet at the relatively nearby 401 Park Avenue South at 28th Street, which is now up for sublease through Dusek.