Empire State Realty Trust Inks Deals With Panera, Acai Bowl Seller
In the largest of the transactions, Panera signed a 10-year lease for 2,100 square feet at the base of 1359 Broadway, a 22-story office building between West 36th and West 37th streets, the landlord said. Asking rent was $300 per square foot.
RIPCO Real Estate’s Andrew Mandell represented Panera. Fred Posniak of ESRT and RIPCO’s Morgan Singer and Samuel Martorella handled the landlord side of the deal. A RIPCO spokesperson didn’t immediately return a request for comment.
Next up was Playa Bowls, which took 1,385 square feet one block away at the base of 1350 Broadway. Asking rent in the 10-year lease was $300 per square foot. Finally, Le Café Coffee inked a 10-year deal for 822 square feet on the ground floor of The Victory, a rental building at 561 10th Avenue, at the corner of 10th Avenue and West 41st Street. The space had an asking rent of $125 per square foot.
“Throughout our Manhattan portfolio, we have curated and leased to over a dozen food and beverage providers that serve as an important amenity for our office and residential tenants,” Posniak said in prepared remarks.
Rebecca Baird-Remba can be reached at firstname.lastname@example.org.