Stonehenge buys UES First Avenue building for $126 million

Stonehenge Partners has purchased 1199 First Avenue, which houses Lenscrafters’ Manhattan flagship, for $126 million. The 21-story, 195,000-square foot building is at the southwest corner of 65th Street. Stonehenge will rename the building Stonehenge 65th and renovate its lobby and hallways to “bring it back to its glory days,” said Ofer Yardeni, a Stonehenge managing partner. Built in 1962, the building has 159 residential units and 13,500 square feet of retail space. Optique by Lenscrafters signed a 10-year lease for 1,775 square feet of ground-floor retail space in 2004. Other retailers include Duane Reade, Ricky’s and Maya Restaurant. The seller was Broadway Management Co. TRD