Lease Beat

Lease Beat

Smoothie Company Inks Deal for New Store Near NYU

60 East Eighth Street.

An expanding smoothie joint is heading downtown with a new store within walking distance from New York University, Commercial Observer has learned.

Pure Green, a health food restaurant that sells smoothies, juices and bowls of açaí, has inked a 10-year deal for 1,000 square feet at 60 East Eighth Street between Broadway and Mercer Street, according to a broker involved in the deal. It’s the fourth planned location for the juice maker, according to its website.    Read More

Lease Beat

Chipotle Opening Interior Design Testing Center at Industry City

Industry City.

Chipotle Mexican Grill will be opening a 9,197-square-foot space at Sunset Park’s Industry City to create and test interior designs for its restaurants, Commercial Observer has learned.

The burrito and taco chain with more than 1,500 restaurants in the U.S. and abroad took a 10-year deal on the fourth floor in Building 4 of the 6-million-square-foot, 16-building manufacturing complex on the South Brooklyn waterfront. Taking rents range from $15 to $35 per square foot. Read More

Lease Beat

Fast Forward Renews, Expands Space in Garment District

10 West 33rd Street.

Fast Forward, a manufacturer of backpacks, lunch kits, beverage bottles, handbags and luggage, has renewed its lease at 10 West 33rd Street in the Garment District and has expanded its presence there.

According to a spokesman for Adams & Co., which brokered the deal, Fast Forward renewed its current 9,042-square-foot space and added 1,261 square feet. The company plans to use the new space for executive offices and a showroom. The entire space is on the seventh floor. Read More

Lease Beat

‘RHONY’ Star’s Underwear Line Slips Into 530 Seventh Avenue

530 Seventh Avenue (Photo: CoStar).

Yummie, a women’s shapewear line started by “The Real Housewives of New York City” star Heather Thompson, is relocating to a new showroom in the Garment District, according to a press release from the landlord, Savitt Partners.

The designer inked a deal last week for 9,000 square feet at 530 Seventh Avenue between West 38th and West 39th Streets. Ms. Thompson won’t be moving too far; her office is currently located a few blocks away at 561 Seventh Avenue between West 40th and West 41st Streets. Read More

Lease Beat

High-End Jeweler Alexis Bittar Signs Lease for HQ in Dumbo Heights

77 Sands Street.

Trendy jeweler Alexis Bittar has signed a 10-year lease for its headquarters at Dumbo Heights, the complex owned by Kushner Companies, RFR Realty and LIVWRK.

First reported by The Real Deal, Alexis Bittar is moving its office headquarters to the entire 10th floor, an 18,800-square-foot space, at 77 Sands Street. TRD noted that asking rent for the space is $58 per square foot. The company will relocate from 45 Main Street in Dumbo. Read More

Lease Beat

Raymour & Flanigan Signs Lease at Major Harlem Development

100 West 125th Street.

Raymour & Flanigan, the American furniture store that began in 1947 in Syracuse, N.Y., has signed a lease at Jeff Sutton’s Wharton Properties’ six-story retail development on West 125th Street in Harlem.

According to The New York Post, the company has taken 40,000 square feet on the second floor of the 200,000-square-foot building at 100 West 125th Street. Other tenants who have signed leases at the development, set to open in 2016, include Whole Foods, American Eagle Outfitters, Burlington Coat Factory and the Olive Garden. Read More

Lease Beat, ICSC 2015

Saks Making Foray Into Outer Boroughs With Off 5th Outlet Store in Brooklyn


Saks is poised to enter the outer boroughs with an Off Fifth discount store in the Sunset Park neighborhood of Brooklyn, Commercial Observer has learned.

The department store has signed a letter of intent to bring the discount shopping concept to Liberty View Industrial Plaza at 850 Third Avenue, Marvin Schein of Salmar Properties, the project’s developer, confirmed. Saks plans to take roughly 30,000 square feet on the ground level of the eight-story building, a source with knowledge of the deal said. Read More

Lease Beat

R.A. Cohen Moving to 250 Park Avenue

250 Park Avenue.

Real Estate investment and management firm R.A. Cohen & Associates has inked a deal for 8,100 square feet at 250 Park Avenue between East 46th and East 47th Streets, Commercial Observer has learned.

The company will move to the 19th floor of the 21-story building at the end of this year, according to brokers in the deal. Asking rents were in the $60s per square foot in the 15-year lease, which closed last week. Read More

Lease Beat

Core Takes Space for Fourth Office in Manhattan

149 Fifth Avenue.

Core has leased 5,500 square feet at 149 Fifth Avenue in the Flatiron District, marking the Manhattan residential real estate firm’s fourth office, Commercial Observer has learned.

The new 11th-floor digs between East 21st and East 22nd Streets will accommodate 40 to 50 agents, who will commence working there this fall, Core indicated. The firm’s director of sales, Douglas Heddings, is meeting with prospective agents to populate the new office.  Read More

Lease Beat

Drybar Will Be Offering Blowouts at Brookfield Place

Brookfield Place (Photo: Emily Assiran/Commercial Observer).

Drybar has inked a 10-year lease next to Babesta, the trendy baby boutique, at Brookfield Place, Brookfield Office Properties told Commercial Observer. The salon, with its $40 blowouts, is slated to open in the fall.

The California-based blowout specialist has taken 1,498 square feet on the second floor at the Lower Manhattan complex, Brookfield said. The rent was around $120 per square foot, according to a source with knowledge of the deal. Drybar has 42 locations open nationwide with eight of them in New York City and more on the way. Read More