Stonehenge hires first director of retail leasing

TRD New York /
Feb.February 03, 2012 03:30 PM

Stonehenge Partners has hired commercial leasing pro Luciana Francese as director of retail leasing, the company said today. Francese, who was previously director of leasing at G&S Investors, will oversee the company’s commercial portfolio, which consists of over 750,000 square feet of retail, office and garage space in Manhattan.

Francese has a “great reputation and track record in successfully repositioning commercial properties,” said Ofer Yardeni, a managing partner of Stonehenge. “She will help us maximize the value of the commercial component of our portfolio.”

Francese’s position is a new one at the firm, a spokesperson said.

In the last 12 months, Stonehenge has acquired over $500 million of properties in Manhattan, it said. As The Real Deal previously reported, the firm recently joined forces with SL Green Realty and retail investor Jeff Sutton to purchase the David Frankel Realty portfolio, which includes high-end retailer Prada’s location at 724 Fifth Avenue. The deal closed earlier this week. — Katherine Clarke

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