Deals of the Day: Aug. 27

Leases

P.F. Chang’s to open fifth Manhattan location

Address: 885 Eighth Ave., Manhattan
Landlord: Crescent Properties
Tenant: P.F. Chang’s
Lease size: 2,230 SF
Lease term: 10 years
Broker: Crescent Properties was represented in-house. Newmark’s Ariel Schuster and Mitch Heifetz represented the tenant.

Sales

Private prison company GEO Group sells Queens Detention Center site

Address: 182-02 150th Ave., 182-11 150th Road, Queens
Price: Approx. $17.6 million
Seller: GEO Group
Buyer: Prime Property Fund
Asset type: Institutional

Storage Deluxe buys Astoria building

Address: 34-37 37th St., Queens
Price: $20 million
Seller: Astoria Ice
Buyer: Storage Deluxe
Asset type: Open space and outdoor recreation

→ Continue reading at Crain's New York Business

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