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The international performing arts management company IMG Artists has signed a 10-year lease for the fifth floor of Carnegie Hall Tower, 152 West 57th Street.

Built in 1990-1991, the 60-story tower is next to Carnegie Hall, which opened in 1891.

Margaret V. Malone, senior associate, and Barry Langman, of counsel, at Pillsbury Winthrop represented IMG in the negotiations. John Ricca, an associate at Kramer Levin Naftalis & Frankel, represented the landlord, Rockrose Development Co.

IMG Artists plans to move into the space in June. The agency took 11,580 square feet in the building. Terms were not disclosed. Asking rents in the building range from $40 to $90 per square foot.

Established in 1984, IMG Artists also has offices in London, Paris and Kuala Lumpur and affiliated branches in Tokyo, Hong Kong and Australia. The company represents dozens of classical artists, dance companies and other performers, including Itzhak Perlman, Diane Upshaw, Renée Fleming, James Galway, Branford Marsalis and the Emerson String Quartet.

CB Richard Ellis’ Brad Needleman negotiated the transaction on behalf of IMG Artists. Matthew Leon and William Cohen of Newmark & Co. Real Estate represented Rockrose Development Co.

* * * * * * *

Developer Joseph Moinian of the Moinian Group has completed the purchase of two lots that compose the entire block front of 11th Avenue from 43rd to 44th streets.

Mr. Moinian purchased 572-578 11th Avenue from the Matas family. The lot includes the Market Diner, a 43-year-old Hell’s Kitchen mainstay operated by Gus and Joanne Kasimis since 1990.

Steve M. Bederman, partner of Duane Morris, represented Joseph Moinian with Moinian Group in-house counsel, Harry R. Dreizen. Rosalie Friedberg, a solo practitioner, and Richard Wasserman, a member of Wasserman Grubin & Rogers, represented the Matas family.

The second purchase was of 580-588 11th Avenue, from Saul and David Zelin, who also leased the buildings on the first parcel and subleased to the diner operators. The sellers were represented by Donald Bernstein, partner, and Michael Passe, of counsel, at Victor & Bernstein.

The purchases were financed with an $8 million loan by Israel Discount Bank of New York and Metropolitan National Bank. Andrea Pines of Goldberg & Pines represented the lenders.

The deals resolved legal disputes between the Matas and Zelin families regarding extension of the lease for 572-578 11th Avenue and ownership of the diner structure. It also resolved separate court disputes among the diner operator, Mr. Kasimis, the Zelins and the Matas family concerning the future of the diner. Nick Toumbekis, associate of L’Abbate, Balkan, Colavita & Contini, represented Mr. Kasimis in the proceedings and in a new three-year lease with the Moinan Group.

The Moinan Group intends to develop the property, but the diner will remain open for the time being.

This column is compiled by Eileen AJ Connelly. To report a real estate transaction, please contact the Law Journal via e-mail at [email protected].

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