Capalino Secures a 10-Year Lease Renewal for Landlord Ridgecor LLC and the New York State Department of Mental Health
Capalino’s Director of Real Estate Services Tim Kucha represented our client Ridgecor LLC, owner of 8710 Fifth Avenue, Bay Ridge, Brooklyn in the renewal of their 10-year lease with The New York State of Office of Mental Health (OMH). This transaction is valued in excess of six million dollars.
New York State serves more than 700,000 individuals each year and this lease enables them to increase services in the metropolitan area. The building, a 25,000 square foot property, leased at 8710 Fifth Avenue, will be used as a consultancy service center for South Beach Psychiatric Center, a division of OMH.
“Simply put, the expertise and professionalism of Jim Capalino and Tim Kucha made this happen. This was a complicated and multifaceted deal, involving multiple agencies and approvals. Capalino and Company prides themselves on a solid work ethic, trustworthiness, loyalty and knowledge. They go above and beyond to get it done and have surpassed my expectations in every way. I am already working with the team on my next venture,” said Dr. George Soued, President of Ridgecor, LLC
Capalino leverages its vast expertise in New York’s real estate market to help landlords, investors and tenants identify trends and navigate market issues. We consult landlords on lease renewals; tenant representation and investment analysis, and identify off market opportunities for our clients.
Tim Kucha, Director of Real Estate Services at Capalino
Is your lease about to expire?
For commercial, industrial and retail brokerage services, please contact Tim Kucha at 212.616.5843 or tim@nullcapalino.com. With more than 20 years of experience advising leading New York City companies on their real estate needs, Tim is adept at handling complicated, multi-layered transactions.
To learn more about our comprehensive real estate services and how we can help you succeed in the New York market, visit: http://www.capalino.com/services/housing-and-real-estate/
