Edison Properties | The Real Deal New York

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Edison Properties

100 Washington Street
Newark, NJ 0-7102
(973) 643-7700
Website
Edison-Properties
Edison Properties
Edison Properties is a Newark, New Jersey-based, privately-held and family-run real estate development and holding company, founded in 1956 by Jerry Gottesman. The company's portfolio – estimated to be worth $4 billion – includes properties in New York City, New Jersey, and Baltimore, Maryland and encompasses Edison ParkFast-branded parking lots and garages and Manhattan Mini Storage facilities. The value of those parking and storage facilities have skyrocketed over the decades Edison has owned them, as New York and other cities flourished, following years of decline. This fact has prompted Edison to sell off or redevelop some of long-held sites into higher-income-generating uses, such as residential, hotel, office, and retail. In 2014, Edison Properties sold a parking lot site next to The High Line for $870 that the firm had bought in the 1980s for $2.4 million. However, as of 2015, family members were in conflict on whether to take profit by selling properties, developing them in-house, alone or in partnership, or doing nothing. –MK
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Horse Carriage ft
01/22/16
Neigh! Two developers leading the charge to get rid of Central Park’s horse carriage industry have pushed back at allegations their support for the cause is about...
top dev sites collage thumb
12/30/15
  Dreams of Manhattan condominiums dominated 2015’s top 10 development site deals. While Gary Barnett’s Extell Development – which is known for this sort of...
624 West 47th Street feature
12/29/15
The operators of Smith Limousine Company sold a Midtown West development site with 95,000 buildable square feet for $36.5 million, according to property records filed...
463 Seventh ft
12/08/15
There’s been a shift in the city’s commercial real estate market in recent years, and it’s been a boost for landlords at side-street buildings —...
1120 Sixth Avenue ft
11/09/15
Online job search engine Indeed is moving to Edison Properties’ Hippodrome Building in Midtown, where it is taking around 125,000 square feet of office space,...
Bank-Hapoalim-Zion-Kenan-FB
11/05/15
Israel’s biggest lender, Bank Hapoalim, is slashing its footprint in half on Sixth Avenue as it relocates from Silverstein Properties’ 1177 Sixth Avenue to 40,000...
From left: Two Trees' Jed Walentas, Mayor Bill de Blasio and Stephen Nislick.
11/04/15
There’s a long history of real estate developers tapping into City Hall, but certain donations in the past year show that they may also have...
543 West 43rd Street
11/02/15
It turns out that Jerry Gottesman’s Edison Properties made more than one buy in Hell’s Kitchen last month, acquiring a seven-story storage facility in the...
gottesman-thumb
10/30/15
Jerry Gottesman’s Edison Properties is continuing its Manhattan buying spree with the acquisition of a four-story commercial building in Hell’s Kitchen for $55 million. Tags:...
Screen Shot 2015-10-02 at 3.43.51 PM
10/02/15
TRD Friday Feature:When Gary Barnett finally won a 14-building portfolio of properties owned by brothers Frank and Michael Ring in late 2013 – after much...
Gary Barnett
09/30/15
After ground-leasing five of its Ring portfolio office buildings to the Kaufman Organization, Gary Barnett’s Extell Development has closed on the sale of those buildings to...
gottesman-thumb
09/25/15
Jerry Gottesman isn’t cashing out on his Manhattan portfolio yet. To the contrary, the octogenarian chair of Edison Properties just closed on the $43.1 million...
gottesman-thumb
06/22/15
Jerry Gottesman has played the ultimate long game. And it might be time to cash in on it. Tags: edison properties ...
518 West 18th Street
05/21/15
Ziel Feldman isn’t looking to push the envelope in terms of pricing at his Bjarke Ingels-designed High Line condominium project. Condos will start at less than...
David-Weinreb FB
03/31/15
The Howard Hughes Corp. has struck a deal with Edison Properties that allows the former to build a large mixed-use building straddling the border of the...
Ziel Feldman
03/19/15
Ziel Feldman’s HFZ Capital Group is close to securing a $500 million loan to help with its purchase of a massive $870 million development site...
renderingsfinalthumb'
01/14/15
A 51-story tower in the Financial District, an eight-story residential building at the site of a former Jewish all-girls school in Midwood and a nearly 300,000-square-foot...
From left: Ziel Feldman and Jerry Gottesmann
12/16/14
Not all nine-figure deals are created equal. Sure, you can talk about how you closed on a development site for $100 million. You can even...
NislickTHumb
12/15/14
UPDATED, 12:48 a.m., Dec. 15: One-time Edison Properties boss Stephen Nislick — who is also an animal activist and supporter of Mayor Bill de Blasio’s horse carriage...
241 West 28th Street
12/05/14
Edison Properties, which recently agreed to sell one of its huge Chelsea development sites to Ziel Feldman, is now developing another site in the neighborhood. ...
From left: Ziel Fedlman and Darcy Stacom
11/26/14
Updated 5:34, Nov. 26: Ziel Feldman’s HFZ Capital Group is in contract to buy one of the most sought-after development sites in West Chelsea, The Real...
waldorf_astoria_1899
11/04/14
The Waldorf-Astoria at 301 Park Avenue in 1899 Edison Properties plans $15 million renovation at the Hippodrome Building in Midtown. A look back at the...
20140730_High_line_lot_feature
07/30/14
A portion of a West Side parking lot could soon be home to one of the largest development projects along the High Line. Tags: Chelsea,...
borelli
06/04/14
Anthony Borelli, vice president of planning and development at Edison Properties, may be on track to secure an appointment to the Board of Standards and...
An aerial view of the High Line site and Edison Properties chairman Jerry Gottesman
11/12/13
Edison Properties is paving the way for a development project near the High Line by replacing thousands of pounds of contaminated soil at the site....
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  • Event Office Leasing
  • Building Name Hippodrome Building
  • Address 1120 Avenue of the Americas
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 22,818
  • Publication Date 03/18/2015
  • Event Date 02/06/2015
  • Party 1 Edison Properties
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Gus Field, Michael Burgio, David Berke
  • Party 2 Citizen Watch Company of America
  • Party 2 Brokerage CBRE
  • Party 2 Broker William Iacovelli, Mark Revesloot
notes
The Japanese brand will use the entire 10th floor of the building as headquarters for the Citizen Group.
  • Event Retail Leasing
  • Address 5030 Broadway
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 6,450
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 Brokerage Edison Properties
  • Party 1 Broker Lenny Lazzarino, Justin Miller
  • Party 2 JBFSC
  • Party 2 Brokerage Pura Vida Enterprises
  • Party 2 Broker Robert Carrillo, A. Diggle
notes
The tenant signed a retail lease. The reported asking rent was $45 per square foot.
  • Event Retail Leasing
  • Address 5030 Broadway
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 15,000
notes
The school leased retail space. The reported asking rent was $45 per square foot.
  • Event Retail Leasing
  • Address 5030 Broadway
  • Neighborhood Inwood
  • Borough Manhattan
  • Square feet 3,100
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 Brokerage Edison Properties
  • Party 1 Broker Lenny Lazzarino, Justin Miller
  • Party 2 Royal Drug Pharmacy
  • Party 2 Brokerage Edison Properties
  • Party 2 Broker Lenny Lazzarino, Justin Miller
notes
The pharmacy signed a lease.
  • Event Office Leasing
  • Address 131 Varick Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 500
  • Publication Date 02/01/2011
  • Event Date 12/23/2010
  • Party 1 Edison Properties
  • Party 1 Brokerage Workspace Office Studios
  • Party 1 Broker Katherine Liskowicz
  • Party 2 Tower Park
  • Party 2 Brokerage NYCRS
  • Party 2 Broker Tim Parkkila
notes
The real estate development company signed a three-year lease.
  • Event Office Leasing
  • Building Name Hippodrome
  • Address 1120 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 96,350
notes
The fashion company signed a long-term lease to consolidate its menswear division into one location, the New York Post reported. The tenant, which has offices at 1114 Sixth Avenue and 42 West 39th Street, signed a direct lease with the landlord for 40,000 square feet and subleased 56,350 square feet from Huron Consulting. The sublease will convert to a direct lease after several years, according to the Post.
  • Event Office Leasing
  • Building Name Hippodrome
  • Address 1120 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 10,000
notes
HBO takes space on the 17th floor.
  • Event Office Leasing
  • Building Name Hippodrome
  • Address 1120 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 46,000
  • Publication Date 03/01/2006
  • Event Date 01/20/2006
  • Party 1 Edison Properties
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Augustus Field
  • Party 2 Federated Department Stores
notes
Federated takes space on the 12th and 20th floors.
Manhattan, 10001
Edison Properties
...
top dev sites collage thumb
12/30/15
  Dreams of Manhattan condominiums dominated 2015’s top 10 development site deals. While Gary Barnett’s Extell Development – which is known for this sort of...
Manhattan, 10001
Edison Properties
...
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