Lack and Yunis of Newmark Knight Frank represent MGM Management in three leases; Ofri of ATO Realty acts for Marks Barber Shop

According to Newmark Knight Frank National Retail Group, MGM Management has signed on three new tenants at 214 First Ave., repositioning the entire 3,750 s/f of retail in the building. JRH Group took 2,500 s/f on the corner for a new Asian-fusion restaurant to be named Kumo Sushi. Tallgrass Burgers will occupy 1,000 s/f on 1st Ave. Mark's Barber Shop recently opened in 250 s/f on 13th St. 214 First Avenue will be the eighth location nationwide for JRH Group, which owns and operates Asian-themed restaurants in New York, New Hampshire and California. Tallgrass Burgers intends for this new location to be its Manhattan flagship, in addition to two existing locations under a different brand. "This prewar building has three retail spaces with great visibility," said Jared Lack, director of Newmark Knight Frank National Retail Group, who, along with executive vice president and principal Amira Yunis, exclusively represent MGM Management's retail portfolio in New York City. "The high traffic location is conveniently located by Stuyvesant Town's huge residential population and the 1st Avenue stop of the L train," he adds. Tallgrass and JRH Group were represented by Lack and Yunis, while ATO Realty's Avi Ofri represented Mark's Barber Shop. Newmark Knight Frank is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank operate from over 200 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $32 billion with annual revenues of over $811 million. With a combined staff of more than 6,300, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide.