Cohen inks 80,000 s/f in deals at 805 Third

Real Estate Weekly, March 29, 2006

A Japanese steakhouse and two full floor office tenants highlight a burst of leasing activity comprising over 80,000 s/f of transactions recently consummated by owner/developer Charles S. Cohen at 805 Third Avenue.

A $10 million renovation of its main lobby, atrium and common areas designed by Area Architects and Pentagram Design is well underway at the handsome 31-story office building, and should be completed by year-end.

In the two largest transactions, Extell Development Company, represented by James Gross of Williamson, Picket, Gross, Inc., leased the entire 23,500 s/f 7th floor and will relocate from nearby 800 Third Avenue. Horizon Media, Inc., presently at 630 Third Avenue, has taken the entire 23,500 s/f 6th floor. Horizon was represented by Moshe Sukenik and Christopher Mongeluzo of Newmark Knight Frank.

And in a deal that will add another restaurant to the trio of eateries (Placido Domingo's Pampano, The Pump and Ashton's Cafe) already in the building, Reins International, represented by Sun-Pop, has leased 5,000 s/f on the second floor atrium for Gyukaku, a internationally popular Japanese/Korean steakhouse scheduled to open this summer.

In other office leases, Eisenman Levine Lehrhaupt & Kakoyiannis, P.C., a law firm represented by Norman Bobrow & Company, will relocate from 845 Third Avenue to 15,889 s/f on the 10th floor and T&D Asset Management USA, a Japanese insurance company, represented by Mark Fujita of CB Richard Ellis, is moving from 450 Lexington Avenue to 3,630 s/f on the 14th floor.

CB Richard Ellis' Ed Goldman, Derrick Ades and John Feles acted as exclusive leasing agent representing 805 Third Avenue in the Extell, Horizon Media and T&D Asset Management transactions.

Finally, in two transactions handled in-house by Fran Delgorio, senior vice president of leasing and marketing for Cohen Brothers Realty Corp., The Greenwich Group International renewed its lease for 6,200 s/f on the 8th floor and Butler Capital Investments, LLC, renewed 1,950 s/f on the 11th floor.