Brokers who worked on transactions for Peloton and FAO Schwarz took home the top Real Estate Board of New York retail deals of the year prizes Tuesday night.
The Most Ingenious Retail Deal of the Year, which demonstrates exceptional broker acumen, was won by teams from both JLL and Newmark Knight Frank for Peloton’s Manhattan West location that will include a studio, retail store and offices.
The fitness firm will soon have 32,129 square feet on multilevels facing both the street and the new central plaza of Manhattan West.
Peloton was represented by Benjamin Birnbaum of Newmark Knight Frank, while Patrick Smith, Matthew Ogle, Corey Zolcinski and Bob Gibson of JLL represented the Brookfield developers.
The Most Significant Retail Deal of the Year was won by brokers Kenji Ota and Neil Seth of Cushman & Wakefield for representing FAO Schwarz in a 16,000-square-foot lease at 30 Rockefeller Plaza. The award represents the most meaningful retail transaction in the Gotham retail market, and launching the iconic toy store at a new iconic location after the store had been homeless for several years certainly fit the bill.
The 20th annual awards were handed out during the REBNY Retail Committee’s cocktail celebration at the 101 Club.
The deals were among 18 nominated for the prestigious REBNY awards.
On Thursday afternoon and evening, the industry will decamp to Chelsea Piers for the JDRF Real Estate Games to compete in friendly contests while raising money for JDRF, which is the leading global organization funding type one diabetes research.
Meanwhile, Pace Investments, has signed a 2,100-square-foot lease at 80 Eighth Ave., where it will continue to provide support for those who are struggling with mental and behavioral disorders.
The building once housed Bankers Trust, which provided the very same suite for its board member and former Gov. Al Smith.
Pace was represented in the three-year deal by Alexander Furst at Douglas Elliman Commercial.
Matthew Mandell represented the GFP Real Estate ownership in-house, which had an asking rent of $65 per square foot.