Kornblum and D’Amaro complete several real estate transactions in April

Yaron Kornblum represented 509-511 West 189^th LLC, 519-521 West 189^th LLC and 520, West 190^th LLC in the refinance of properties located at 509-511 and 519-521 West 189^th Streets, NYC and 520 West 190^th Street, NYC containing a total of 149 residential units with Greystone Servicing Corporation for an aggregate loan of $18.360 million. Yaron also represented Woodcrest Acquisition LLC, The Inverness Apartments LLC and Chestnut Lane LLC, CLJEFF LLC and CLSYG, LLC, in the refinance of properties located at 335 Florence Avenue, Deptford, New Jersey, and 1025 and 1060 Delsea Drive, Deptford, New Jersey containing a total of 831 residential units with New York Community Bank for an aggregate loan of $47.489 million.

Lou D’Amaro completed an easement agreement for a large residential/office complex in East Harlem consisting of four, 50 fifty story towers.  The easement, between two of the buildings, and required by the New York City Fire Department, will allow the complex’s charter school tenant, occupying areas within two of the buildings, to install its fire alarm system in connection with a major expansion. Additionally, Lou completed a lease for Skechers USA, Inc. covering a 2,400 square feet of  retail Skechers store in a Canadian mall.  The parties opted for a new lease instead of Skechers exercising its renewal option under the existing lease covering the same location. He also completed a lease amendment for a retail Skechers store at the American Dream Mall, located within the Meadowlands Sports Complex in East Rutherford, New Jersey.  After long delays, the mall is finally approaching its grand opening date and the amendment was required in lieu of tenant’s cancellation of the lease due to Landlord’s failure to timely complete its construction and deliver the store location to Skechers.