Coffee Bean & Tea Leaf, which is a purveyor of bowling balls (seriously, though, they sell coffee), has signed a 1,500-square-foot retail lease on the ground floor of 1412 Broadway.
The deal at the base of the 24-story, Harbor Group International-owned building brings occupancy to 95 percent occupancy, brokers told The Commercial Observer. The company, which operates at 750 locations worldwide, has, until now, not peddled its iced coffee, green teas or signature brews from a Manhattan store.
“We are very pleased that a world-renowned brand sought us out for its New York flagship,” said Jordan Slone, chairman and chief executive of Harbor International, who added that the deal was a direct transaction between the landlord and tenant. “The property has quickly become a success story for HGI, and in the nine months since its acquisition has already achieved a high level of occupancy.”
jsederstrom@observer.com
