Jacob Bart concentrates in real estate law, with particular emphasis on commercial leasing. He has represented numerous landlords and tenants, in New York City and nationwide, with respect to office, retail, and other lease and sublease transactions.
Mr. Bart has negotiated major headquarters leases on behalf of tenants. On the lessors’ behalf, he has worked on many significant leasing and subleasing transactions, including building-wide leasing programs.
Representative transactions that Mr. Bart and his leasing group have handled include:
Tenants - Office
United Federation of Teachers, 400,000 square foot headquarters lease at 52 Broadway.
Health Insurance Plan of Greater New York, 500,000 square foot headquarters lease at 55 Water Street.
Revlon, lease and sublease transactions at 237 Park Avenue, to create new headquarters of over 175,000 square feet.
The Equitable Life Assurance Society of the U.S. (now AXA Equitable): (i) headquarters lease at 1290 Avenue of the Americas, for approximately 513,000 square feet, with an IDA tax incentive program, and a subsequent restructuring and extension of the headquarters lease; (ii) office lease in Syracuse, NY, for approximately 300,000 square feet; and (iii) office lease in Jersey City, NJ, for approximately 245,000 square feet.
Scholastic Inc., approximately 211,000 square foot headquarters lease at 555 Broadway, with tax benefits through IDA financing, and a subsequent long-term ground lease of adjacent property, on which 557 Broadway was built and integrated with 555 Broadway.
Bear Stearns: (i) in the lease of its headquarters at 383 Madison Avenue; (ii) in the lease of more than 200,000 square feet of office pace at 245 Park Avenue, as well as the disposition to the Chase Manhattan Bank of more than 500,000 square feet at 245 Park Avenue already occupied by Bear Stearns; and (iii) in the lease of approximately 150,000 square feet of office pace at 237 Park Avenue.
Ramius Capital Group, LLC, approximately 75,000 square foot lease at 599 Lexington Avenue.
Tenants Retail and Other
New York Mets, in the lease of its new stadium from New York City.
WNYC Radio, in the lease of approximately 75,000 square feet of office and studio space at 10 Hudson Square.
The Menswear Industry Council, in the negotiation of a master form of lease used by a group of 32 menswear tenants who rented approximately 162,000 square feet of office/showroom space at 1350 Avenue of the Americas.
Landlords - Office
Silverstein Properties, in the lease to the Port Authority of approximately 600,000 square feet of office space in the to-be-built Tower 4 at the World Trade Center.
Mutual of America Life Insurance Company in its leasing program of approximately 425,000 square feet of office at 320 Park Avenue.
Minskoff Equities, in the lease of a commercial condominium consisting of approximately 560,000 square feet, to the Chase Manhattan Bank, at 1166 Avenue of the Americas.
TrizecHahn Office Properties, in the lease to HBO of approximately 250,000 square feet of office space at the Grace Building, 1114 Avenue of the Americas.
TrizecHahn Office Properties, in the lease to Skadden Arps of the entire office space at 1460 Broadway (approximately 183,000 square feet).
State Teachers Retirement System of Ohio, in its leasing program of office space at 590 Madison Avenue, including office space leases to IBM and Citigroup Global Markets (Smith Barney).
Shearson Lehman Brothers, as sublandlord, in its subleasing program of approximately 575,000 square feet of office space at 1 Battery Park Plaza, in downtown Manhattan. Major completed transactions include subleases with prominent law firms, brokerage firms and banks.
Landlords Retail
The owners/developers of a number of Manhattan co-op and condominium buildings, in their leasing of retail space to high profile retailers, restaurants and supermarkets, including Whole Foods, Bed Bath & Beyond, Bank of America, Walgreens and T-Mobile.
The owners of several first-class Manhattan office buildings, in their leasing of retail space to banks, prestigious retailers and restaurants, including a First Republic Bank branch, the new flagship location for Amalgamated Bank, and retailers such as Sephora, Benetton, Ann Taylor, Hugo Boss, Charles Tyrwhitt, AT&T and Daffy’s.
Memberships
Member, Committee on Commercial Leasing, New York State Bar Association; Member, Board of Advisors, Commercial Lease Law Insider
Admitted to Practice
District of Columbia, 1976; New York, 1980
Education
J.D., Georgetown University Law Center, 1976; Editor, Georgetown University Law Journal
B.A., summa cum laude, Brooklyn College, 1973; Phi Beta Kappa |