Canadian wealth management firm CI US Holdings is taking a major Midtown stake with a 50,000-square-foot lease at HJ Kalikow’s flagship 101 Park Ave.
John Safely and Nicholas Dysenchuk of Cushman & Wakefield reprimanded the landlord. Savills’ Mitti Lieberson, Mark Robbins and Evan A Foley acted for the tenant.
CI US’ move was fueled by the recent acquisition of two midtown firms, which they consolidated into their new location. The asking rent was $105 psf.
Cefaly said Kalikov’s “fantastic job positioning” at 101 Park helped facilitate Conven’s recent expansion into the tower, as well as new leases for Wendell North American and Incline Equity Partners.
Landlord principal Catherine H. Kalikov said that 101 Park Avenue has “outperformed the market, leasing over 110,000 square feet in the last quarter alone.”
Iconic radio stations HOT 97 and WBLS have a new home: Savannah’s 48 W. 25th St., where parent Mediaco Holding signed a lease for 25,000 square feet.
The new excavations would serve as the station’s broadcast studios and headquarters. Savannah purchased the building in 2018 and underwent a major capital upgrade.
Cushman & Wakefield represented both the landlord and the tenant.
Two high-profile restaurant-expansion deals were signed.
Popular uptown “new Peruvian” spot Mission Ceviche took 11,000 square feet for Jonathan Burke and Lena Roth’s second location at 5 E. 17th St. JW Burke struck a direct deal with landlord Acadia Realty Trust.
Meanwhile, Tribeca Mexican spot Casa Carmen has also expanded into Flatiron with 2,500 square feet at 5 W. 21st St., the former site of Merakia Greek Steakhouse. Jonathan Burke was the sole broker in the off-market deal.