9:00 AM
Newmark is pleased to announce that it has represented Schweiger Dermatology Group, LLC (Schweiger) in their corporate headquarters relocation to 27-01 Queens Plaza North, in Long Island City, Queens. Associate Director Ryan Gessin and Executive Managing Director Ross M. Perlman represented the tenant, while the sub-landlord, MetLife, Inc., was represented by Executive Managing Director Ethan Silverstein, Executive Director Mitchell Arkin, and Director Kelli Berke, all of Cushman & Wakefield.
The new sublease encompasses 21,463 square feet on the entire 10th floor and will serve as the company’s corporate headquarters. This marks continued growth for Schweiger; two years ago, Newmark relocated the company from 3,000 to 8,000 square feet at its current location at 156 West 56th Street. The new agreement is a long-term sublease from MetLife Inc., which currently occupies approximately 200,000 square feet in the building. When Newmark began its relationship with Schweiger, the firm had only two medical office locations - now, they operate out of 26 in total, 10 of which Newmark has negotiated new leases for in the last 10 months (all in the Tri-State Area). The company has raised significant private equity investment in the past 18 months, and expects to take occupancy of its new space on September 1st.
“We have been strategically planning this growth phase for the last several years,” remarked Gessin. “We targeted the outer-borough market in order to take advantage of the economic incentives that are available for companies moving from Manhattan, and Long Island City proved to be a perfect fit. We were able to successfully structure a transaction, allowing Schweiger to more than double in space while maintaining similar occupancy costs.”
2701 Queens Plaza North (AKA 1 Queens Plaza North) is a 709,236-square-foot, 13-story, Class A office building, one of the most prominent in the Long Island City area. It features direct access to the 7, N, Q, R, E, M and F subway lines, efficient floorplates, windows on three sides, LEED Gold interior certification, a conference center, cafeteria, fitness center and outdoor space.
Chief Executive Officer Dr. Eric Schweiger noted, “Our new corporate headquarters is strategically located to optimally serve our 26 offices, with the majority of our locations being throughout Manhattan and Long Island. We will be able to efficiently support our providers and patients as our business continues to grow. We look forward to getting to know our new home at Queens Plaza.”
About Schweiger Dermatology Group, LLC
Schweiger Dermatology Group is the premier provider of dermatology services in the New York City area. The Company currently owns and operates over 25 locations throughout Manhattan, Brooklyn, Queens, Long Island, Westchester County, Rockland County, and New Jersey. Under the leadership of Founder and Chief Executive Officer, Dr. Eric Schweiger, SDG provides dermatology services to over 250,000 patients annually. The Company provides advanced treatments for all skin care needs and offers unique patient benefits including same-day scheduling. For more information about Schweiger Dermatology Group, visit www.schweigerderm.com.
About Newmark
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
Newmark is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.