Law Firm Ingram Yuzek Handles Real Estate Sale, Lease for Bank of East Asia

NEW YORK, Aug. 6, 2013 /PRNewswire/ -- An affiliate of The Bank of East Asia, Limited has sold its building in Chinatown and now is leasing space on Madison Avenue, with both real estate transactions handled by the New York City law firm Ingram Yuzek.

The bank's property affiliate closed Wednesday, July 31 on the $41.25 million sale to a group led by Keystone Equities LLC, which plans to convert the building to office condominiums. The nine-story, 47,551-square-foot building at 202 Canal St. currently houses office and retail space.

David J. Zinberg, a real estate partner at Ingram Yuzek, which offers commercial and not-for-profit clients a full array of real estate services, handled the closing.  Zinberg also represented the bank on the lease of its new Manhattan office, about 10,900 square feet at 540 Madison Ave, which is owned by Boston Properties.

Cushman & Wakefield brokers Helen Hwang and Nat Rockett, both executive vice presidents in the New York Capital Markets Group, represented the seller. Representing the buyer, an affiliate of Keystone Equities LLC, was attorney Harry R. Dreizen, with brokerage services provided in-house by the buyer.

About Ingram Yuzek
Based in New York City, Ingram Yuzek provides a broad range of transactional and dispute resolution services to sophisticated clients across the globe. For more information, visit www.ingramllp.com.

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Nancy Rowe
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SOURCE Ingram Yuzek