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Brokerage
Posted: April 11, 2023
Cushman & Wakefield and JRT Realty Group lease 3,380 s/f to Shake Shack in Penn Station
Manhattan, NY Cushman & Wakefield and JRT Realty Group arranged a long-term, 3,380 s/f lease with Vornado Realty Trust for Shake Shack in Penn Station, on the corner of 33rd St. and Seventh Ave.
Cushman & Wakefield’s Joanne Podell and Michael Shalom along with JRT Realty Group’s Jodi Pulice and Peter Brestovan represented the tenant. Vornado was represented in-house.
“We are so excited for Shake Shack to be a part of the reimagined Penn Station,” said Podell. “Shake Shack is reaffirming its commitment to Manhattan with this outstanding new location as Penn Station’s redevelopment continues to transform Midtown and reshape the city’s post-pandemic culture.”
“As an industry leader in environment, social and governance matters, specifically around workforce and supplier diversity as well as the advancement of women and minorities, Shake Shack is an amazing company to work with and we are thrilled to have found them a new home in Penn Station,” said Pulice. “With New York City’s retail market rebounding and more employees returning to the office, Shake Shack will benefit from its prime location in the heavily trafficked Penn Station.”
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Manhattan, NY Williams Equities leased 100,000 s/f of office and retail space at 470 Park Avenue South since acquiring the building 18 months ago.
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