News: Brokerage

Lee & Associates NYC reps Roberta’s in lease at PENN 1

Manhattan, NY Lee & Associates NYC has represented Roberta’s in a 5,200 s/f lease at PENN 1. The restaurant joins Vornado’s redevelopment of the PENN DISTRCIT which will focus, in part, on the revitalization of dining and entertainment in the neighborhood. Located next to Madison Square Garden, Roberta’s will also include a roof deck and patio space for outdoor dining.

“As we look for new locations, we tend to gravitate towards interesting neighborhoods with a rich history and an abundance of creativity, similarly to the opening of our original Roberta’s within Bushwick,” said co-owner Brandon Hoy. “PENN 1 is within a mecca of entertainment, and we’re excited to see what the opening of the development brings for Midtown.”

Jeffrey Lopez of Lee & Associates NYC represented Roberta’s in the transaction. The landlord, Vornado Realty Trust, was represented in-house.

“We’re thrilled to have found the ideal location for Roberta’s in the center of Midtown and the PENN District," said Lopez. “The restaurant has become an internationally acclaimed brand that will now be a stone’s throw from the world’s most famous arena, in a perfect spot not only for sports fans, concerts-goers, but all New Yorkers given its’s central location and access to transit. Roberta’s is an iconic restaurant that will become a staple in the area, and we’re excited to partner with Vornado and be part of the new PENN District.”

In addition to its several locations across the country, Roberta’s original wood fired pizzas are also available frozen at select retailers including Whole Foods Market, Amazon, and for nationwide delivery via Goldbelly. PENN 1, a 57-floor skyscraper and office building, is easily accessible from the 34th Street-Penn Station, 34th Street-Herald Square, 33rd Street-PATH, and 28th Street transit stops.

 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
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.
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for