Krispy Kreme signed a long-term lease for 26,486 square feet at Simone Development Companies and CJSA Realty’s 535 Zerega Avenue between Randall and Lacombe Avenues in the Castle Hill neighborhood of the Bronx, Simone announced today.
A spokeswoman for Simone said the asking rent was $19 per square foot for the warehouse and Krispy Kreme plans to move in the summer.
The Bronx deal comes a week after Krispy Kreme announced it would open a 24-hour, 4,500-square-foot flagship at 1601 Broadway equipped with a “doughnut theater” and “glaze waterfall,” as Commercial Observer previously reported. The Zerega Avenue warehouse will be used as a regional bakery and distribution center for Krispy Kreme, which also has a New York City outpost in Penn Station, according to Simone.
Josh Gopan of Simone Metro Properties, the property management arm of Simone, represented the landlords in-house. Neil Seth and Kenji Ota of Cushman & Wakefield brokered the deal for Krispy Kreme. A C&W spokesman declined to comment.
“With modern industrial space in the Bronx in such short supply, this property was extremely attractive to a variety of tenants,” Gopan said in a statement. “We are extremely happy to be able to accommodate Krispy Kreme and bring such a quality company to the Bronx.”
Other tenants in the 70,000-square-foot 535 Zerega Avenue include the New York Road Runners and the Krispy Kreme deal brings the property to full occupancy, according to the landlord.