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Edison Properties

100 Washington Street
Newark, NJ 07102
(973) 643-7700
Website

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 has 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 long-held sites for 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 million 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 profits by selling properties, developing them in-house, alone or in partnership, or do nothing.

  • Event Financing
  • Address 207 East Houston Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 75,000,000
  • Publication Date 02/16/2019
  • Event Date 02/12/2019
  • Party 1 Edison Properties
  • Party 2 Greystone Bassuk Group
  • Party 2 Brokerage Greystone Bassuk Group
  • Party 2 Broker Matthew Klauer, Ken Rogozinski, Drew Fletcher
notes
The owner secured a loan of $75 million for the Lower East Side property.
  • Event Office Leasing
  • Address 1120 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 12,493
notes
The tenant inked a lease for the Grand Central space.
  • Event Retail Leasing
  • Address 332 West 44th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 2,613
notes
The tenant inked a lease for the Midtown West location.
  • Event Financing
  • Address 2341-2351 12th Avenue
  • Neighborhood Manhattanville
  • Borough Manhattan
  • Square feet 167,000
  • Price $ 16,800,000
  • Publication Date 11/20/2017
  • Event Date 11/15/2017
  • Party 1 Edison Properties
  • Party 2 Prudential Insurance Company
notes
The owner acquired two loans for $16.8 million for two storage warehouses.
  • Event Financing
  • Address 541 West 29th Street
  • Neighborhood West Chelsea
  • Borough Manhattan
  • Square feet 213,330
  • Price $ 39,300,000
  • Publication Date 11/20/2017
  • Event Date 11/15/2017
  • Party 1 Edison Properties
  • Party 2 Prudential Insurance Company
notes
The owner acquired a $39.3 million mortgage for a Mini Sttorage.
  • Event Retail Leasing
  • Address 400 East 62nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 50,000
notes
The Mexico-based filmhouse signed a lease for its first location.
  • Event Retail Leasing
  • Address 400 East 62nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 50,000
  • Publication Date 12/01/2016
  • Event Date 10/15/2016
  • Party 1 Edison Properties
  • Party 1 Brokerage CBRE
  • Party 1 Broker Michael Kadosh, Jess Wolff
  • Party 2 Cinemex
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Jeff Roseman, Mark Frankel
notes
The movie theater will cover six floors.
  • Event Office Leasing
  • Address 1120 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 40,000
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 Edison Properties
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Michael Burgio
  • Party 2 Bank Hapoalim
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Michael Burgio
notes
The company signed a lease for a smaller office space.
  • Event Office Leasing
  • Address 1120 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 125,000
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 Edison Properties
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker John Cefaly, Gus Field, Michael Burgio
  • Party 2 Indeed
  • Party 2 Brokerage JLL
  • Party 2 Broker Lisa Kiell
notes
The job search website signed a lease.
  • Event Office Leasing
  • Building Name Hippodrome Building
  • Address 1120 Sixth Avenue
  • 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
  • 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 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 Sales
  • Address 203 Jay Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 17,600,000
  • Event Office Leasing
  • Building Name Hippodrome
  • Address 1120 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 10,000
  • 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 HBO
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.
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