Berger of Monday Properties negotiates 3,100 s/f lease renewal for Bonny Van's

Monday Properties and Invesco, owners of 230 Park Ave., has renewed its retail lease with Bobby Van's Steakhouse, a Grand Central culinary landmark at East 46th St. and Park Ave. The 3,100 s/f lease renewal is for 15 years. Dana Moyles of Dana Moyles Real Estate negotiated the lease renewal on behalf of Bobby Van's Steakhouse. Jordan Berger represented Monday Properties in-house. Bobby Van, a Broadway actor and musician, opened his first restaurant in Bridgehampton, Long Island in 1969, where he played piano and tended bar. Several generations later, it is still a centerpiece of the Hamptons social scene. Bobby Van's Steakhouse opened at 230 Park Ave. in 1996 as the first location in the city for the Long Island establishment. Over the past 17 years, the restaurant has consistently been a category leader and has continued to display strong staying power with its six Manhattan locations. Brian Robin, president of Monday Properties, said, "Bobby Van's is a signature New York City steakhouse that has anchored our Park Ave. walkway at 46th St. for many years. We enjoy the identification that 230 Park Ave. has with Bobby Van's as such a highly visible aspect of the midtown New York City experience." 230 Park Ave. is a 34-story tower with 1.4 million s/f of class A office space that is complemented by midtown's finest restaurants, boutiques and hotels. Located between 45th and 46th Sts., the timeless icon delivers a quintessential N.Y.C. experience, coupled with an unparalleled level of service and 21st century building systems. Overlooking Park Ave. and atop Grand Central Terminal, 230 Park Ave. is a LEED-EB Gold certified building and remains N.Y.C.'s landmark of history and vitality. Monday Properties is a dynamic real estate investment firm that operates each property within its portfolio. Founded in 1998, the company focuses on two of the world's leading real estate markets: N.Y.C. and the greater Washington, DC metropolitan area. Since 2002, Monday Properties has completed over $10 billion in transactions representing over 23 million square feet. Monday Properties co-invests its own capital alongside its partners and investors, creating a clear alignment of interest and an incentive to realize value. # # #