4A — April 14 - 27, 2017 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal By Stellar Management and Imperium Capital of 220 Fifth Avenue Progress Capital represents Dino & Sons Realty Corp. in the leasehold acquisition N EW YORK, NY — Kathy Anderson of Progress Capital
in 1912 and is renowned for its Neo-Gothic architecture which is visible for blocks because of its two-story copper mansard roof. “220 Fifth Ave. is a special building that has been in the Tomassetti family for over 30 years,” said Anderson. “It was important to find the perfect strategic partner to continue the family’s vision and I’m honored to have been trusted by both the Tomassetti’s and Stellar/Imperium to help ac- complish this.” As part of its capital im- provement program, Stellar
and Imperium will renovate the lobby and update and modernize the building sys- tems. The partnership is also completing high-end, custom pre-builds for turn-key office space. There are currently six full floors available for lease comprising 9,000 RSF each. “The location is unbeatable and we are excited to begin upgrading the base building and amenities to offer this as a premium office space for ten- ants,” said Matthew Lembo, a principal at Stellar Manage- ment. “This coveted building an-
choring the corner of 26th and Fifth Ave. is a jewel of the red hot Madison Square Park sub- market,” said Morris Mishan of Imperium Capital. John Park, Leo Leyva, Jordan Fisch, Jeff Schecter and Patrick Quinn of Cole Schotz provided legal coun- sel for Dino & Sons Realty Corp. while Ira Nesenoff and Ariya Waxman of Nesenoff & Miltenberg represented Stellar Management and Im- perium Capital. n Montgomery Mc- Cracken adds five attorneys to NY Real Estate Team NewYork, NY — Mont- gomery McCracken an- nounced the addition of four attorneys and one law clerk from the New York-based firm Mishaan Dayon & Li- eblich. The group brings sub- stantial experience in the fields of commercial and real estate law and associated transactions and litigation. Saul Mishaan and Jef- fery Dayon will join as partners; Dayon will also serve as Chair of the Firm’s Commercial Leasing and Development Practice Group. MatthewBondy will join as of counsel; Daniel Lavian will join as an associate; and Abraham Ally Dayon will join as a law clerk. “I am excited to welcome this group of talented lawyers to our firm,” said Montgom- ery McCracken Chairman Louis Petroni. Mishaan has practiced for over 35 years focusing his practice on all types of commercial and real estate matters, including complex leasing transactions. Dayon brings over 30 years of experience advising pri- vate lenders, small and large privately held real estate op- erating companies, investors and high wealth individuals on planning, structuring and executing highly complex real estate and corporate transactions, commercial leasing, and sophisticated fi- nancing transactions includ- ing securitized mortgages, multi-tranche mezzanine loans and preferred equity transactions. Bondy focuses his practice on commercial litigation, real estate finance, and commer- cial leasing. n
A d v i s o r s negot i ated the transfer of the lease- hold interest in 220 Fifth Ave. from a subsidiary of Dino & Sons Realty Corp.
Kathy Anderson
to a joint venture between Stellar Management and ImperiumCapital . Formerly known as the Croisic Building, 220 Fifth Ave. was constructed
220 Fifth Ave.
7 AUCTIONS May 10th & 11th
1 | Moorestown, Burlington Co. 3 Lots Totaling 1.71± Acres • Minimum Bid $495,000 • Signalized Intersection • Water, Sewer all Utilities On-site • 85 & 91 Kings Highway 3 | Cherry Hill, Camden Co. 2,304± Professional Building on .26± Acres • Minimum Bid $175,000 • Office with Adjacent Apartment • 816 Kings Highway South 5 | Pine Hill, Camden Co. 7.76± Acres Zoned Commercial • Minimum Bid $125,000 • Water, Sewer all Utilities On-site • 305 & 315West Branch Avenue 6 | Deptford Twp, Gloucester Co.
2 | Medford, Burlington Co. 9,000± SF Mixed Use Development Opportunity • Court Ordered • .77± Acres • 67 North Main Street 4 | New eld (Franklin Twp.), Gloucester Co. 9,140± SF Commercial Building with Retail Store and O ces • Former Girl Scout Distribution Center • 52± Acres Includes Two 20± Acre Residential Lots • 2944 Victoria Ave
Property Previews for Properties 1 - 5 April 20 & 26 11AM to 2PM
7 | Buckingham, PA 3,500± SF Building on .50± Acres • At the Crossroads of Bucks County • Income Producer • 4692 York Road Property Previews April 13, 27 Noon to 2PM
10± Acre Approved Lot • Minimum Bid $285,000 • Water, Sewer all Utilities On-site • 1745 Route 41 (Hurffville Rd) Property Preview April 13 & 21 Noon to 2PM
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Robert L. Dann Auctioneer Lic #AU005609
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