Manhattan, NY L&L Holding Company reached an agreement with Chipotle to open a new location at 600 Third Ave., L&L’s 42-story office tower in the Grand Central district.
As part of a 15-year lease, Chipotle will occupy a 2,329 s/f corner retail space on Third Ave. and East 39th St. The fast-casual Mexican Grill is slated to open in the third quarter of 2025.
Chipotle joins a lineup of retailers at 600 Third that includes Shake Shack, Just Salad and Blink Fitness.
L&L Holding was represented by an in-house team of Jonathan Tootell, Tanya Grimaldo and Giannina Brancato, as well as by Alan Schmerzler, Patrick O’Rourke, Sean Moran and Catherine Merck of Cushman & Wakefield. Kenneth Hochhauser of Winick Realty represented Chipotle.
Originally built in 1970, the 574,067 s/f tower occupies the entire western blockfront between East 39th and East 40th Sts. L&L, which owns 600 Third in partnership with BlackRock, has undertaken a series of renovations and modernizations to the tower, including lobby upgrades and building system improvements. L&L also redesigned and renovated 600 Third Ave.’s plaza to create a welcoming public green space with pathways that encourage pedestrians to circulate and relax.
“Chipotle is the perfect addition to the retail environment we have curated at 600 Third on behalf of the neighborhood’s office workers and residents,” said L&L Holding executive vice president, Jonathan Tootell. “Our investments at the tower, including the incorporation of enjoyable outdoor space, have created an ideal destination for those seeking a respite within the bustling Grand Central district.”
Notable companies with an office presence at 600 Third, include prominent law firm Polsinelli, strategic investment firm Energy Impact Partners and global investment management firm 3G Capital.