By Lauren Elkies Schram, Commercial Observer
A trio of fast-food restaurants will be bringing tacos, Asian-fusion food and chicken fingers to RXR Realty and Walton Street Capital‘s 237 Park Avenue between East 45th and East 46th Streets, Commercial Observer has learned.
The owner of taqueria Taco Dumbo and Asian-fusion eatery Omakasa has leased 2,407 square feet in the newly constructed glass box at 237 Park Avenue at Depew Place, for an outpost of each concept in a shared space, sources said. The lease is for 15 years and the asking rent was $300 per foot. Jonathan Krieger of Retail Worxrepresented the two eateries in the lease, and he didn’t immediately provide a comment.
And popular chicken fingers chain Sticky’s Finger Joint signed a 12-year deal for 1,571 square feet on the ground floor of the Lexington side of the property, which has an alternate address of 460 Lexington Avenue. The asking rent there was $250 a foot.
“We think this is a really exciting and important opportunity for Sticky’s expansion,” said SRS Real Estate Partners‘ Adam Langer who represented the tenant along with colleague Mark Tedeschi. “Being in such a dense office neighborhood and so close to Grand Central [Terminal] is going to introduce the brand to a whole new lunch crowd.”
The three eateries are expected to open in four to six months.
“The activation of Depew Place where Taco Dumbo and Omakasa will occupy the newly constructed glass-box restaurant will bring a renewed energy to what was formerly an underutilized area of the outdoor plaza area of the building,” said William Elder, the managing director of RXR’s New York City division. “Additionally Sticky’s Fingers’ located on Lexington will provide a new and exciting version of fast-casual dining to our tenants and the community in the area.”
Newmark Knight Frank‘s Jeffrey Roseman, Marc Frankel and Mark Utrerasrepresented RXR in the deals. Roseman declined to comment, as did the spokeswoman for Taco Dumbo and Omakasa. No one from Sticky’s Finger Joint immediately responded to a request for comment.
Office tenants at the 21-story, 1.3-million-square-foot office building include J.P. Morgan Chase, New York Presbyterian Hospital and J. Walter Thompson.
The RXR platform manages 71 commercial real estate properties and investments with an aggregate gross asset value of approximately $20.5 billion, comprising approximately 31.4 million square feet of commercial properties, inclusive of approximately 6.0 million square feet of buildings securing debt and preferred equity investments, a multi-family residential portfolio of approximately 2,500 units under operation or development, and control of development rights for an additional approximately 3,700 multi-family and for sale units in the New York Metropolitan area as of June 30, 2019. Gross asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.