News: Brokerage

Cushman & Wakefield arranges flagship lease for Naya at 1177 Avenue of the Americas

Manhattan, NY Cushman & Wakefield has arranged a long-term, 3,120 s/f lease for Naya, a growing Middle Eastern fast casual restaurant chain, at 1177 Avenue of the Americas. This lease marks Naya’s eighth new store with Cushman & Wakefield in the New York Metro area in 2024 and will serve as their newest flagship location.

Cushman & Wakefield’s Neil Seth, Kenji Ota, Jennifer Konefsky and Kathryn Cruz are exclusively representing Naya in the New York metro area. The landlord, Silverstein Properties, was represented by Newmark’s Rich Gelber and Gary Alterman.

"This flagship lease is just one part of a larger story,” said Seth. “Over the past 9 months, we have successfully represented Naya in eight leases as part of their expansion strategy in the New York metro area. We are excited to continue building off this strong momentum and success, with potential additional store openings to close out the year.”

Naya’s new flagship is located at the base of a one million s/f office building in proximity to Rockefeller Center, Times Square and Bryant Park, making it a prime spot for foot traffic from nearby Midtown destinations.

"We’re delighted to welcome Naya to 1177 Avenue of the Americas,” said Joseph Artusa, senior vice president of Silverstein Properties. “The building’s prime location in the heart of Midtown, combined with its accessibility and convenience, makes it an ideal fit. Naya will offer a fantastic dining option for Silverstein’s office tenants and others in the neighborhood.”

MORE FROM Brokerage

Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.