CBRE has been tapped to sell two Midtown East Garages for possible redevelopment, brokers from the firm told The Commercial Observer.

The garages, located on 240 East 54th Street and 245 East 53rd Street, have a total lot area of 12,251 square feet with approximately 39,000 square feet of buildable space. Both properties are nestled between Midtown East's unique nexus of office properties, high-end residential buildings, and a collection of medical centers like Weil Cornell Medical Center and Memorial Sloan Kettering Cancer Center.

The space has been out on the market for three weeks and has already drawn interest from a mix of developers, including those with ties to the medical community, said CBRE.

"There is interest in medical groups and institutions, and we've had some interest from hoteliers," said Tim Sheehan, who is handling the property alongside colleagues Dan Kaplan, Craig Reicher and Ned Midgley.

"Obviously there is interest from parking operators, but the owners are not really looking to sell to a similar interest," added Mr. Sheehan.

The lot on 240 East 54th Street is in a C1-9 zoning district, which allows residential, commercial and facility uses. The other garage on 245 East 53rd Street is in an R8B zone which allows residential and community facility uses.

The property does not have the air rights to eventually build a high-rise development. The owner, Gould Investors LP, is open to either an outright sale, a joint venture with a potential user, or other possible types of transactions, said Mr. Kaplan.

"It's a pretty unusual opportunity," he added.

The Spence School, an all-girls private school located on the Upper East Side, recently snapped up a lot at 412 East 90th Street from the Hertz Corporation for $26.1 million.

In 2008, The Convent of the Sacred Heart, another all-girls school in the Upper East Side, paid $23 million for a 12,500-square-foot lot at 406 East 91st Street 12,500-square-foot lot previously owned by Verizon.

Daniel Edward Rosen is reachable at drosen@observer.com

The Real Estate Board of New York released the candidates for its annual "Retail Deal of the Year" awards yesterday. This year’s field includes 10 transactions. The winner will be announced at an awards ceremony on June 12. As would be expected, the lineup includes a number of prominent leases.

Among the transactions are the Century 21 department store’s lease of space at 1972 Broadway last year, a 61,000-square-foot deal in which it took over a store formerly occupied by Barnes & Noble near Lincoln Center. Gene Spiegelman and Michael O’Neill, executives at Cushman & Wakefield, handled that deal.

Bradley Mendelson and Alan Schmerzler, who also both retail executives at C&W, are being considered for their lease of the Time Square Theatre. The space had been leased to the clothing and apparel company Marc Ecko, but long sat empty before the two leased it to Broadway 4D Theatres last year.

Jeff Roseman, a prominent retail broker at Newmark Grubb Knight Frank, is up for consideration for bringing a branch of the restaurant chain Jekyll & Hyde to the former New York Times building 229 West 43rd Street.

RKF retail broker Karen Bellantoni is in contention for her work leasing the Meatpacking District property 810 Washington Street. Among the tenants that Ms. Bellantoni brought to the property last year were the fashion boutiques Vanita Rosa and Intermix.

Darrell Rubens of the Winick Realty Group and Peter Ripka, who heads the brokerage Ripco Real Estate, are also candidates for the award for brokering a deal to bring the discount department store TJ Maxx downtown to 14 Wall Street where it took 32,000 square feet.

“We recognize the level of ingenuity, creativity and skill needed to achieve these remarkable transactions,” Steven Spinola, REBNY’s president, said in a statement. “Last year brought in some exciting deals and it’s going to make for some stiff competition High praise is extended to all the nominees and we look forward to celebrating the winners of the Retail Deal of the Year Awards this June.”

Daniel Geiger is reachable at Dgeiger@observer.com