Shake Shack Expands at 24-32 Union Square East
By Gus Delaporte February 20, 2014 7:30 amreprints
Shake Shack has expanded its office space at 24-32 Union Square East by 5,739 square feet, taking the entire 10,660-square-foot fifth floor of the building.
Danny Meyer, the restaurateur behind the popular burger chain, operates his Union Square Hospitality Group from the 12-story office building, which is located within walking distance of Shake Shack’s original location in Madison Square Park.
“The building has been fully leased for quite some time and the activity has mostly been tenants expanding. The building has very good retention,” Dana Moskowitz, president of EVO Real Estate, told Commercial Observer.
Mitchell Cooperstock of EVO Real Estate represented both the tenant and the landlord, S. Klein Family LLC, in the transaction. EVO Real Estate is the successor firm of Winoker Realty, which was acquired by Ms. Moskowitz, Ira Fishman and their partners following the death of David Winoker.
Last week, Shake Shack announced plans to open a 4,774-square-foot location at 600 Third Avenue. The company did not immediately return requests seeking comment on the office expansion.