Edison Properties | The Real Deal New York

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Edison Properties

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


02/17/17
...UPDATED, Feb. 17, 6:09 p.m.: Lam Generation is fighting Edison Properties and the Kaufman Organization to continue building a $120 million Marriott International hotel in Chelsea...

02/06/17
...of Mulberry Commons in Newark and Jerry Gottesman Edison Properties chairman Jerry Gottesman, who once implored New York City to tear down the High...

11/15/16
...set to open a 50,000-square-foot luxury cineplex at Edison Properties...

11/10/16
...purchase of roughly 150,000 square feet of rights from Edison Properties for $64.6 million, or about $438 per square foot, for its development site at 80 South Street...

09/19/16
...Extell Development and sold to Newark, New Jersey-based Edison Properties in September 2015, property records show. Extell also sold the ground lease to the 12-story...

01/22/16
...disputed claims among opponents that Nislick, a former Edison Properties chief executive, sees the horse stables as a potential real estate opportunity. “Under no...

12/30/15
...th Street, $870 million Buyer: HFZ Capital Group Seller: Edison Properties Ziel Feldman's firm closed on this 76,000-square-foot High Line-adjacent site, also known as 76 Eleventh...

12/29/15
...from a four-story commercial building at 620 12th Avenue. Edison Properties purchased the 103,000-square-foot building for $55 million in October...

12/08/15
...at those buildings – which Extell recently sold to Edison Properties, as The Real Deal also reported – now run in the mid-$60s to mid-...

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...

11/05/15
...under management, signed a lease for space at Edison Properties’ Hippodrome building at 1120 Sixth Avenue. That’s just a little more than half of...

11/04/15
...One New York in the past year. Former Edison Properties boss Stephen Nislick — along with animal activist partner Wendy Neu — donated more than $100,000. What...

11/02/15
...Gottesman) It turns out that Jerry Gottesman’s Edison Properties made more than one buy in Hell’s Kitchen last month, acquiring a seven-story...

10/30/15
...Hell's Kitchen (inset: Jerry Gottesman) Jerry Gottesman’s Edison Properties is continuing its Manhattan buying spree with the acquisition of a four-story commercial building...

10/02/15
...dealmakers. Behind the story: Extell Development Gary Barnett Edison Properties 212 Fifth Avenue 251 Park Avenue South Though his Extell Development reportedly paid close to $450 million...

09/30/15
...HLP is an LLC affiliated with New Jersey-based Edison Properties and its equity partners. TRD reported on the deal for 45 West 27th Street last...

09/25/15
...yet. To the contrary, the octogenarian chair of Edison Properties just closed on the $43.1 million purchase of one of the office buildings in Gary...

06/22/15
...From left: Edison Properties...

05/21/15
...late last year from a partnership led by Edison Properties, as first reported by The Real Deal, and secured $1 billion in financing to close...

03/31/15
...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...

03/19/15
...late last year from a partnership led by Edison Properties, as first reported by The Real Deal. The site, at 518 West 18th Street, stretches...

01/14/15
...West 28th Street in Chelsea 241 West 28th Street Edison Properties is developing this site, as well as another one, in Chelsea. The firm bought...

12/16/14
...Buyer: Ziel Feldman’s HFZ Capital Group Seller: Edison Properties and partners Price: $800 million+ Feldman went into contract the day before Thanksgiving to purchase...

12/15/14
...and Stephen Nislick 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...

12/05/14
...West 28th Street in Chelsea Edison Properties, which recently agreed to sell one of its huge Chelsea development sites to Ziel...
  • 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
notes
The movie theater will cover six floors.
  • Event Office Leasing
  • Address 1120 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 125,000
notes
The job search website signed a lease.
  • Event Office Leasing
  • Address 1120 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 40,000
notes
The company signed a lease for a smaller office space.
  • Event Office Leasing
  • Building Name Hippodrome Building
  • Address 1120 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 22,818
  • 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 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 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 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 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 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.
  • 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.
Manhattan, 10011
WEST 21ST STREET PROP
...
Manhattan, 10011
119 WEST 24TH STREET PROPERTIES, LLC
...
Brooklyn, 11201
Edison Properties, 75 SCHERMERHORN LLC
...
Manhattan, 10001
HLP PROPERTIES, LLC
...
Manhattan, 10010
HLP PROPERTIES, LLC
...
Manhattan, 10011
155 WEST 23RD STREET PROPERTIES, LLC
...
Manhattan, 10002
Edison Properties, HOUSTONST.PROP.C/O EDISONPROPLLC
...
Manhattan, 10001
Edison Properties, WEST 28TH RESIDENTIAL, LLC
...

12/30/15
...th Street, $870 million Buyer: HFZ Capital Group Seller: Edison Properties Ziel Feldman's firm closed on this 76,000-square-foot High Line-adjacent site, also known as 76 Eleventh...
Manhattan, 10002
Edison Properties, HOUSTONST.PROP.C/O EDISONPROPLLC
...
Manhattan, 10001
Edison Properties, WEST 28TH RESIDENTIAL, LLC
...
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