Real Estate

Midtown South shuffle

The Kaufman Arcade at 141 W. 35th St. is up for grabs for the first time in more than 60 years.

The upgraded 198,000 square-foot office building could fetch north of $90 million, or around $475 per foot, sources said.

Brian Ezratty and David Schechtman of Eastern Consolidated were hired by the Kaufman Organization to market the mid-block building that runs from W. 35th to 36th Street between Broadway and Seventh Avenue in Midtown South.

Capitol Fishing Tackle Co., which moved there in 2006 after spending 35 years at the Chelsea Hotel, leases some of the retail space.

“People are clamoring for this kind of product at the outskirts of the Hudson Yards,” said Schechtman.

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Kaufman, which also manages buildings for third parties, has signed a lease at 550 Seventh Ave. with Simpson, Gumpertz & Heger.

The engineering firm is consolidating on the 10th floor of 11,695 square feet with an asking rent of $48 a foot. Jamie Katcher of Cushman & Wakefield represented the tenant, which is moving from multiple floors at 19 W. 34th St.

The Adler Group ownership was represented by Michael Heaner and Grant Greenspan of the Kaufman Organization.

“This was a nice clean square space where they could put everything,” said Heaner of the mostly open plan build-out for the tenant.

While upscale fashion tenants include Ralph Lauren, Oscar de la Renta and Donna Karen, the ownership was looking to diversify.

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In the same area, ace reporter Bob Woodruff, who was severely injured while embedded with troops in Iraq, is moving his foundation uptown from 100 Wall St. to 1359 Broadway.

The space, at the northwest corner of W. 36th Street, is close to the Theater at Madison Square Garden, where the foundation’s annual benefit, Stand Up For Heroes, will take place on Nov. 6.

The five-year lease for the 2,805 square-foot pre-built had an asking rent of $49 per foot.

Brittany Silver and Jamie Jacobs of Newmark Grubb Knight Frank represented the Bob Woodruff Foundation, which supports injured troops and their families. NGKF colleagues William Cohen, Ryan Kass, Neil Rubin and Andrew Weisz worked for owner Malkin Holdings.

Tom Durels of Malkin Holdings said this section of Broadway’s pedestrian plaza is “fantastic.”

“It’s one of the nicer walks in Manhattan,” he said.

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Building management veteran and energy efficiency expert Peter L. DiCapua has joined CodeGreen Solutions as its chairman. In New York, CodeGreen has already “greened” 80 million square feet as it provides solutions for energy efficiency.

Until he retired this year, DiCapua was COO of Atco. He was also active in the industry as the president of both the Owners Committee on Electric Rates and BOMA, and was vice chairman of the Building Congress and governor of the Real Estate Board of New York.

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Larry Gluck has his first tenant for One Soho Square, the supersized center core building he is creating by combining two office buildings at 161 Ave. of the Americas and 233 Spring St.

Werby Parker, which makes and sells hip eyeglass frames, will move from the Puck Building to One Soho where it already has temp offices.

The 54,000 square-foot deal on the sixth and seventh floors has options to 75,000 square feet. Building asking rents start in the low $70s per foot.

Erik Schmall and Michael Mathias of Studley represented Werby in the transaction, with Andrew Peretz and Josh Kurlioff of Cushman & Wakefield representing Gluck’s Stellar Management.

All parties declined comment.

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Sephora USA will take over the 7,000 square-foot curved glass Levi’s store at 750 Lexington Ave. at the southwest corner of East 60th Street, right across from Bloomingdale’s.

Virginia Pittarelli of Crown Retail Services represented the cosmetics chain in the long-term retail leasing transaction, while David Nevins of Cohen Bros. represented the building.

Sources said the deal was inked at $700 per foot, which is at the top of the market in that area.

Ten years ago, the Levi’s deal was made at less than half that amount, CoStar data show.

Neither the brokers nor Cohen Bros. returned calls for comment.

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Not sure if our story last week generated pushback, but a spokeswoman for Stephen Ross of Related Cos. finally told us he’s not bidding on Sotheby’s 500,000 square-foot building at 1334 York Ave. being marketed by Eastdil Secured.

But Ross still wants to snag Sotheby’s as a tenant for his Hudson Yards project for a large portion of the retail podium. Stay tuned.

Lois@BetweentheBricks.com