For caffeine guzzlers unable to find one of the 17,000 Starbucks currently operating on, oh, every other block across 50 countries, the search just got a little easier.
Indeed, w&h properties inked a 10-year, 1,189-square-foot lease for the Seattle-based coffee brewer in its last remaining retail space at 1350 Broadway, brokers told The Commercial Observer. The deal, which will include 881 feet on the ground floor and an additional 308 feet on the mezzanine, with asking rents of $275 per square foot, will open next month and comes on the heels of another big deal with Walgreens at the Empire State Building that W&H announced earlier this week.
David Firestein of Northwest Atlantic represented Starbucks in the lease negotiations while Andrew Goldberg, Eric Gelber and Matthew Chmielecki of CB Richard Ellis handled W&H.
“One of ownership’s objectives was to expand the 34th Street shopping district to 35th Street with destination retailers and high quality amenities,” said Anthony Malkin, W&H Properties’ president, in a statement. “Today, 1350 Broadway reflects this success—our retail tenants include flagship stores for Duane Reade and Banco Santander, and a newly renovated HSBC branch. Starbucks replaces a small furniture retailer, and will complement our retail collection and provide a key amenity for the new quality tenants.”
jsederstrom@observer.com
