Lease Beat

Hale & Hearty Takes Space in MetroTech Center

2 MetroTech Center

Hale & Hearty Soups will be opening at 2 MetroTech Center in Downtown Brooklyn this fall after signing a 10-year lease for 1,760 square feet, MetroTech Center developer Forest City Ratner Companies announced.

New York-based Hale & Hearty, which has 30 locations in Manhattan, Brooklyn and Long Island, sells sandwiches made with artisanal breads, salads and 15 to 20 different soups per day. All soups are made from scratch in Hale & Hearty’s Brooklyn kitchens. Read More

Leasehold Beat

On the Market: Leasehold Interest for Entire Prime Village Blockfront

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Eastern Consolidated is offering the sale of the leasehold interest in the whole blockfront of 44-58 East 8th Street in the heart of Greenwich Village. The retail portion of the building contains 8,000 square feet of space on the ground floor and a subterranean garage.

Senior Director Adelaide Polsinelli and Director of Financial Services Gary Meese are the Eastern brokers leading the sale. The building’s seven retail spaces are all currently leased. Tenants include Ricky’s and Au Bon Pain. Read More

Lease Beat

7-Eleven Takes 2,500 Square Feet at 111 Fulton Street

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Convenience store chain 7-eleven has signed a long-term lease for roughly 2,500 square feet of retail space at 111 Fulton Street in the Financial District, The Commercial Observer has learned.

Ross Kaplan of Newmark Grubb Knight Frank represented the landlord, while Ariel Schuster and Greg Covey at RKF represented the tenant.

“There’s a flurry of activity going on Downtown,” Mr. Kaplan said, who has represented the landlord for the last year.  “Tourism and a dense commercial and residential population is a big draw for retailers in this part of town, especially quick-service shops.” Read More

Lease Beat

Au Bon Pain Takes 2,600 Square Feet at 111 Fulton Street

111 Fulton Street (Credit: Emporis)

Au Bon Pain has signed a long-term lease for roughly 2,600 square feet of retail space at 111 Fulton Street in the Financial District, The Commercial Observer has learned.

Ross Kaplan of Newmark Grubb Knight Frank represented the landlord, while Jacqueline Klinger of The Shopping Center Group represented the tenant.

“There’s a perfect storm going on Downtown,” said Mr. Kaplan, who has represented the landlord over the course of the last year.  “The dense commercial and residential population, as well as the tourism in the area, is a great draw for retailers.”

Read More

Au Bon Pain Moves Into Empire State Building

Empire State Building

Au Bon Pain has signed a lease for 1,338 square feet on the ground floor of the Empire State Building at 350 Fifth Avenue. The store will occupy the space for 10 years, with an asking rent of $200 per square foot.

Jacqueline Klinger of Northwest Atlantic represented the tenant. Andrew Goldberg Read More