News: Shopping Centers

Kuroki of EXIT Realty Landmark closes three deals

According to EXIT Realty Landmark, a full-service Manhattan real estate brokerage, Eri Kuroki, licensed real estate salesperson, recently completed three deals. EXIT brokered a 10 year lease deal for 900 s/f of restaurant space at $130 per s/f between Tabata Noodle Restaurant and the owner of 540 9th Ave. The family-owned operation will utilize their 20-year experience in food service in an open kitchen and noodle bar, which is completely new. The deal was inked in late April 2011 and was brokered between the landlord and tenant by Kuroki. The space will be used for an ethnic restaurant concept comprised of Japanese hot noodle soup. The operation will utilize a soft liquor license if approved, and looks forward to servicing the area's patrons. EXIT represented the restaurant tenants in the 10 year lease of a 1,400 s/f Turtle Bay space. The space, located at 1026 Second Ave. and 54th St. was leased at a rate of $103 per s/f. The deal was brokered between the landlord and tenant by Kuroki. The space will be used for an ethnic restaurant concept comprised of Japanese sushi and Thai cuisine. The restaurateurs of Mai Dang, Inc. are notable operators of Spicy Shallot in Queens, Rain on East 52nd St., Khao Sarn on 637 Second Ave. and Khao Sarn II in Williamsburg, Brooklyn. EXIT brokered a 7 year lease deal and business transfer of the Thai restaurant, Rain. The restaurant at 220 East 53rd St in midtown-east was known as Teriyaki House before the transaction took place for an undisclosed sum. The space is now in full operation. Utilizing the network of information provided by EXIT Realty and an incredibly collaborative philosophy, Kuroki counseled them through the lease transaction.
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2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

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