Dunkin’ Donuts has signed a 1,600-square-foot lease for 15 years and five months at 155 West 35th Street (also known as 463 Seventh Avenue) for a new store across from Macy’s in Herald Square, Commercial Observer has learned.
The coffee chain will occupy 800 square feet on the ground floor and 800 square feet in the basement of the 22-floor, 410,000-square-foot retail and office building between between Seventh Avenue and Broadway that is owned by Arsenal Company. The new store is expected to open in the property by March 2016. The asking rent was $83 per square foot, according to Adams & Co.
“At 155 West 35th Street, Dunkin’ Donuts will provide commuters in the transit triangle with a convenient location to grab coffee or breakfast on their way to work or between meetings,” Adams & Co.’s David Levy, who represented both the tenant and the landlord, said in a prepared statement. “The central location is ideal for the company, with a highly trafficked corridor and visible storefront.”
Dunkin’ Donuts is taking space previously occupied by Cartridge World, a business that sells computer printer ink and toner cartridges. Current tenants include New York-Presbyterian Hospital, Bernardo Fashions and Henry Doneger Associates.