European Wax Center Adheres to 295 Park Avenue South
Billy Gray Nov. 27, 2013, 7:45 a.m.
European Wax Center continues to grow out at a rapid clip.
The Commercial Observer has learned that the personal grooming chain signed a 5,100-square-foot lease at 295 Park Avenue South, where it will soon open an unusually spacious two-story location. Asking rent was $150 per square foot. Yesterday, it was announced that EWC had inked a 1,650-square-foot deal at 95 Chambers Street, the tenant’s first Tribeca location. Both outposts should open this coming spring.
EWC will replace a Straight from the Crate store at 295 Park Avenue South in a space consisting of 3,300 square feet on the ground floor retail level and 1,800 square feet in the basement that tenant representative Hal Shapiro of Winick Realty Group said would be used for offices. Steven Baker and Michael Gielcher, also of Winick, represented the landlord, Abington Holding. Earlier this month, the tenant announced leases at 2409 Broadway (1,500 square feet) and 805 Columbus Avenue (1,770 square feet).
At the time of the Upper West Side leases, Kelly Gedinsky of Winick (who represents EWC in its uptown transactions) said the Upper East Side was among the neighborhoods on the tenant’s expansionary radar. Mr. Shapiro mentioned the Gramercy neighborhood as another market with potential to tap.
“We’re hoping the expansion continues,” he said. “They’re doing a great job and have a wonderful product.”