Stempel of CityVest secures three leases

Mark Stempel, president of CityVest Realty Corporation, recently secured the following three deals: * Caffe Bene' has signed a lease for its new flagship location at 1611 Broadway at 49th St. The store will have 3,400 s/f on the ground floor and 3,300 s/f on the lower level. The new location, 1611 Broadway is the "Crown Plaza Hotel," one of Times Square's largest properties. The tenant took space on the NW corner of Broadway and 49th Street, joining national tenants in the building, such as The Hersey Store and across the street from The M&M Store. This will be Caffe Bene's first U.S. store, which will be a striking space designed by their international team of architects and designers. Caffe Bene' operates over 300 stores in Korea and plans to open another 300 stores in the next 5 years. Sabon has signed a lease for 400 s/f at 1276 Lexington Ave. at 86th St., on the Upper East Side. Sabon offers its customers bath and body products that use natural ingredients. Started in Israel, back in 1974, today, Sabon operates 13 stores in the U.S. and over 50 others worldwide. State Farm has signed a lease to occupy 950 s/f at 800 Lexington Ave. in the Upper East Side. State Farm, has been a business since 1911 and also provides property, life insurance, banking products and mutual funds. "We are pleased to secure these important retail transactions," said Mr. Stempel. "The locations of the leased retail space are prime market locations and we are thrilled to fill them with such esteemed companies." Stempel represented the landlord/owner in each transaction. CityVest is a new real-estate brokerage, which brings to the table decades of experience in the retail and mixed use market in Manhattan and the Boroughs of New York. CityVest handles some of the most important and high-traffic retail in Manhattan with exclusives in the busiest pedestrian areas of the city. CityVest is a member of the Real Estate Board of New York.