Italian cafe Pulia, which has eateries in London, Milan, Florence and Turin, Italy and one coming to Westfield World Trade Center, has signed a lease for its second Manhattan location, Commercial Observer has learned.
On Monday, Pulia took the freestanding condominium unit previously occupied by Darrow’s NYC at 113-115 East 18th Street just off of Park Avenue South, according to AHA Real Estate Group‘s Alexander Hill, who represented Darrow’s in the deal. The space totals 4,800 square feet—or 1,600 square feet per floor—on three levels including the basement. Its opening is slated for the first quarter of 2016.
The key money in the deal was near the $475,000 asking price and the rent is $26,000 per month, Mr. Hill said. The term is for nine years with a five-year renewal option.
“We’re happy to have a successful European retailer join the ranks of Park Avenue South’s restaurant corridor,” Mr. Hill said. “The wine selection and Italian cuisine for lunch and dinner will not only enlighten locals but the new headquarters for Buzzfeed will be directly next door with 1,200 employees.”
Last year, news and culture website Buzzfeed committed to 194,000 square feet of space at 225 Park Avenue South between East 18th and East 19th Streets.
Sung Cho of Midtown Commercial Real Estate represented Pulia in the deal. He didn’t immediately respond to a request for comment.