Samson Buys Retail Units at 451 Lex for $35M
Rego Park, Queens-based Samson Management has acquired two retail condominium units at 451 Lexington Avenue from Regent Development Associates for $35 million, property records filed last week indicate.
One of the ground-floor units is occupied by a TD Bank branch and the other by a restaurant. In October of last year, GRK, a fast casual Mediterranean chain, signed a 10-year deal at 451 Lexington, according to Crain’s New York. Asking rent for the space was $250 per square foot.
The retail condos are located at the base of a recently developed hotel called Club Quarters, which uses the alternate address of 128 East 45th Street. The hotel operates locations in both the U.S. and U.K. for use by member organizations, according to the brand’s website. In addition to its Grand Central location, Club Quarters also offers accommodations in the vicinity of Times Square, Rockefeller Center, Wall Street and the World Trade Center.
The Midtown East site was formerly home to a low-rise building which Aby Rosen’s RFR Realty sold for $28.7 million in 2010. The location was the long-time home of a Sbarro.
The buyer declined to comment on the deal. The seller could not immediately be reached.