Manhattan, NY Cushman & Wakefield has closed a 10-year lease with Variety Coffee for the Brooklyn-based coffee roaster’s first borough location at 261 Seventh Ave. in the Chelsea neighborhood. The coffee shop will occupy 800 s/f on the ground floor.
A Cushman & Wakefield team of Brandon Singer and Matthew Ball represented the landlord. Josh Siegelman of Winick Realty represented the tenant.
“The landlord is excited to bring a local and popular coffee purveyor into the neighborhood,” said Singer. “Given the heavy foot traffic in this neighborhood, we’re confident that Variety Coffee will be very successful in this location.”
Variety Coffee opened in Brooklyn in 2008 with a mission to ethically source the world’s rarest and most unique green coffees. The brand currently has additional cafés in Brooklyn’s Williamsburg, Greenpoint and Bushwick neighborhoods.
Located on the south east corner of West 25th St., the space is situated on a prime retail corner, directly across Whole Foods and one block south of the Fashion Institute of Technology (FIT). The area experiences 24/7 pedestrian traffic as other noteworthy retailers – Buy Buy Baby, Papyrus, TD Bank, GNC, Chase, and Chipotle among others – are in the area.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.