News: Brokerage

LOS TACOS No. 1 signs long-term 9,800 s/f lease at GFP Real Estate’s 318 West 39th St.

Manhattan, NY According to GFP Real Estate, LLC, Watchale LLC, doing business as Los Tacos No. 1, has signed a new 10-year lease for 9,800 s/f on the first floor of 318 West 39th St. in the Garment District.

Los Tacos No. 1 is known for its authentic and fresh take on traditional Mexican tacos, featuring handmade tortillas, quality meats, and flavorful toppings that have made it a celebrated destination for food enthusiasts across the city.

The new space will serve as a commissary kitchen for Los Tacos No. 1, enabling the company to produce tortillas, chips, and other staples for their popular taquerias.

Matthew Mandell of GFP Real Estate represented the landlord, GFP Real Estate, in the transaction. Neal Ohm of Newmark represented the tenant, Watchale LLC.

“Los Tacos No. 1 has grown into a New York institution, beloved for its commitment to authentic flavors and quality dining experiences. The new commissary will support the company’s seven locations across Manhattan as it continues to grow,” said Mandell. “GFP Real Estate is thrilled to welcome them to 318 West 39th St., where their presence will bring energy and vibrancy to the building and the neighborhood.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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.