New York City
Managing Principal Lee & Associates NYC
Biography Peter L. Braus, Managing Principal, Peter has been involved in the ownership and brokerage of real estate for fifteen years. He joined Lee & Associates NYC (formerly Sierra Realty) in 2001, and was made a partner in 2006. Prior to Sierra and Lee, he worked as a retail leasing broker for New Spectrum Realty Services and Newmark & Co. Real Estate. Peter has been involved in wide variety of brokerage transactions. Some of the business he is currently working on includes: • Representing ownership of the former Pfizer Pharmaceuticals in a potential 200,000-300,000 SF lease with the Guggenheim Museum. • Consulting with the developer of a 300,000 SF pier redevelopment project (“Pier 57”) located in Manhattan’s Meatpacking District to bring restaurants, food and other retail tenants to the project. • Actively representing numerous top New York restaurant owners in their expansions. • Overseeing all commercial and retail leasing for Sierra’s portfolio of over 50 buildings under management. • Representing Kunskapsskolan schools in New York City, a Swedish group with approximately 50 private schools in Sweden and the UK, currently negotiating the lease of a 30,000 SF building. • Representing ownership of a roughly 45,000 SF commercial building in the Financial District of Manhattan which will likely be leased to a major educational institution at an annual base rental of roughly $1.5 million for a 20-year term. In addition to these assignments, Peter represents M&T Bank (Manhattan retail locations), Sprinkles Cupcakes of Beverly Hills and numerous other tenants. He has also represented such landlords as the Battery Park City Authority, Gotham, Goldman Sachs & Company, C&K Properties and the ownership of Brown Harris Stevens. Notable transactions in the last several years include several branches for M&T, including a new Manhattan flagship at 11 West 42nd Street, a new sales office for Milliken Textiles at 875 Avenue of the Americas, more than a dozen lease transactions in the Nolita neighborhood of Downtown Manhattan, as well as several major restaurant transactions and representation of JP Morgan Chase's Trusts & Estates Department in the leasing of space in its portfolio. In 15 years in the real estate business, he has completed in excess of 500 commercial leasing transactions with an aggregate value of well over $250 million. Peter is also a principal of Prime Office Centers, which operates executive office suite centers in three locations. Peter serves the following organizations: • Membership Chair, Real Estate Board of New York (REBNY) Retail Committee. • Board Member, Alliance for Downtown New York. • Member, International Council of Shopping Centers. • Manhattan Community Board One (Chair of the Tribeca Committee). • Vice-Chair of the Board, Friends of Hudson River Park which raises funds for the upkeep of Manhattan’s second largest park (after Central Park). • Board member, Legal Information for Families Today (LIFT). Peter is married to photographer Kaija Braus. Kaija, Peter, and their sons Nate and Henry, live in downtown Manhattan. Peter received his MBA with a concentration in Marketing from Columbia University Business School and his BBA from Emory University.
4,250 SFRent Upon Req.
GROUND up to 4250 sf FRONTAGE +/- 27 ft CEILING +/- 17 ft POSSESSION Immediate NEIGHBORS Crumbs Bakery / Sarar / My Suit /Prêt A Manger / Starbucks /Bobby Van’s Au Bon Pain / LensCrafter’s /Duane Reade COMMENTS *Steps away from the New York Stock Exchange. *Ideal for banks and private equity firms, schools, foundations and health care.
Information contained herein has been obtained from the owner of the business or from other sources deemed reliable. However, no warranty or guarantee, either expressed or implied, is made with respect to its accuracy. All information is subject to change without noticeand/or prior leasing. The information does not constitute an offer to lease.
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