Braus and Gropper of Lee & Assocs. NYC secure 7,500 s/f; Bouzourene, Kabbaj of Reshape Advisory rep. tenant

January 21, 2020 - Shopping Centers

Manhattan, NY Lee & Associates NYC has arranged a 7,500 s/f, 10-year lease for Kitopi—a kitchen cloud network that cooks and delivers on behalf of food brands—at 116 West Houston St. in the Greenwich Village neighborhood. The asking rent was $50 per s/f. 

A Lee & Associates NYC team of Peter Braus, managing principal, and Gregg Gropper, senior managing director, represented the landlord, Y&H Realty Corp. Tarik Bouzourene and Aziz Kabbaj of Reshape Advisory, represented the tenant, Kitopi.

“We definitely had the right space at the right time to take advantage of the ghost kitchen trend,” said Braus. “It’s exciting that we are able to accommodate Kitopi in Manhattan, which serves food from restaurants like Japang, Shawarmama and BurgerFuel.” 

116 West Houston St. is a six-story, seven-unit building built in 1900. Kitopi will occupy the ground and lower levels. The remainder of the building is occupied by flexible office provider Knotel, which occupies 20,000 s/f. The Kitopi space was formerly the commissary of Francois Payard Bakery, making it an easily adaptable space for Kitopi.

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