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PAX closes 21-year net lease on 6th.



Hidrock Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 has arranged a 21year net-lease for PAX Ventures for 5,500 s/f at 958 Avenue of the Americas, announces Abraham J. Hidary, president of Hidrock.

The transaction includes all five stories of the building and the basement, with an aggregate rent of approximately $13 million.

PAX Ventures, which owns the Pax Wholesome whole·some  
adj. whole·som·er, whole·som·est
1. Conducive to sound health or well-being; salutary: simple, wholesome food; a wholesome climate.

2.
 Foods and Cafe Europa eateries, will take occupancy of the building on January 1, 2009.

The Herald Square Herald Square is formed by the intersection of Broadway, Sixth Avenue (officially named Avenue of the Americas) and 34th Street in the borough of Manhattan in New York City. It was named for the New York Herald, a newspaper originally headquartered there.  site (at 35th Street) will be the food merchant's 33rd Manhattan location.

"Hungry New Yorkers are already familiar with the Pax brand name, and this latest expansion, coming just three months after the opening of another PAX eatery at 966 Ave. of the Americas, demonstrates the continued confidence of the company in the Herald Square market," says Jack Terzi, of Hidrock Realty.

PAX will use the basement, ground and second floors for retail. Its plans for the third to fifth floors are yet to be determined.

Terzi represented the landlord, SCG SCG Serbia and Montenegro
SCG Srbija I Crna Gora (Servian: Serbia and Montenegro)
SCG Sydney Cricket Ground
SCG Service Canadien des Glaces (Canadian Ice Service)
SCG superior cervical ganglion
 Realty II LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, and PAX Ventures in the deal.

Hidrock Realty is a 25-year-old private real estate firm with properties throughout the East Coast. Based in Manhattan, the firm provides fully integrated real estate services.
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Title Annotation:NATIONAL ROUND-UP; PAX Ventures
Comment:PAX closes 21-year net lease on 6th.(NATIONAL ROUND-UP)(PAX Ventures )
Publication:Real Estate Weekly
Article Type:Brief article
Date:Aug 6, 2008
Words:199
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