Locally sourced Japanese restaurant Wasan, which has had a location at 108 East 4th Street in the East Village since late 2010, is coming to Brooklyn, a broker in the deal told Commercial Observer.
Toshi Koizumi signed a lease with Signa Management for 1,100 square feet on the ground floor and 700 square feet in the basement at 440 Bergen Street at Fifth Avenue, according to Colby Swartz, a broker with Suzuki Capital. He represented the landlord along with colleague Dino Mouzakitis. Mr. Koizumi didn’t have a broker in the transaction.
The asking rent in the 10-year deal was $88 per square foot, which Signa achieved in the deal, Mr. Swartz said. The deal was signed yesterday and Wasan should open in a month or two as the space is newly renovated.
With Wasan’s arrival, the neighborhood will have something of a different “caliber,” amidst a sea of pubs, Mr. Swartz said.
The Montrose bar and grill leases space in the four-story building at 108 East 4th Street, which has eight rental apartments are above, according to CoStar.
Rare Earth occupied Wasan’s new space for a short stretch until last December and Melt was there for 10 years prior, the broker said.