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Four retail leases negotiated by Abrams Benisch Riker.

Four long-term leases worth a combined aggregate of over $5.5 million were recently completed by Rob Nager, director of Retail Leasing for Abrams Benisch Riker, Inc.

Barnes & Nobles executed an early renewal of its lease at 750 Third Avenue for its 4,327-square-foot, ground-floor store. The long-term lease has an aggregate rental value of $2.3 million.

Martra Enterprises Inc. signed a new long-term lease at 35 East 10th Street worth an aggregate $800,000. The 5,500 square feet of ground-floor and lower level space is being used as a stationery and gift shop known as "Readers" Stationery".

Binh Vo Jewelry, an upscale jewelry boutique, signed a long-term lease for 350 square feet on the ground floor at 946 Lexington Avenue.

Diamond Hallmark, a card and gift shop, took a 15-year lease on 3,500 square feet of ground-floor space at 777 Third Avenue worth over $2 million in aggregate rental.

Nager represented both the building and tenant during the Barnes and Noble and Reader's Stationery negotiations He also represented Binh Vo Jewelry and Diamond Hallmark in their respective deals. 946 Lexington Avenue was represented by Douglas Elliman and 777 Third Avenue by Sage Realty Corp.
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Title Annotation:Building Management, Section II
Publication:Real Estate Weekly
Date:Mar 25, 1992
Previous Article:Lawyers Title Corp. to buy assets of NYC agent for cash.
Next Article:Compass to manage, lease 54-story Equitable Center.

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