Spiegel of Rose Associates reps landlord in 1,150 s/f lease to Cannelle Patisserie; Periera of Douglas Elliman reps tenant

Rose Associates has signed a 10-year lease with Cannelle Patisserie for an 1,150 s/f space at The Maximilian, a new rental building located at 5-11 47th Ave. in Long Island City. Cannelle Patisserie is currently completing its build-out at The Maximilian and expects to open this summer. This will be the second location for Cannelle Patisserie, which will continue to operate its café in East Elmhurst. Bruce Spiegel, senior managing director for Rose, represented the property owner. Alexander Periera of Douglas Elliman's Long Island City office represented Cannelle Patisserie. "The street-level space is the only retail available at The Maximilian, a boutique luxury rental building located between Long Island City's waterfront and the shopping and dining corridor of Vernon Blvd.," said Spiegel. "Cannelle Patisserie will benefit from the neighborhood's large residential population and will compliment the other restaurants and shops in the area." Cannelle Patisserie will serve cakes, tarts, quiches, sandwiches and coffee. Jean-Claude Perennou is the principal and founder of Cannelle Patisserie. A pastry chef, Perennou was educated at Le Paraclet in France and has held positions at the Waldorf Astoria Hotel, Peacock Alley and La Gauloise in Manhattan. The Maximilian, which is comprised of 188 apartments, first welcomed residents in November of 2013. Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a range of services designed to maximize the value of real estate. The firm oversees 6,000 units across New York, with $2 billion in projects under development. Rose is currently transforming the historic skyscraper at 70 Pine St. into a rental property with 644 residential units and 132 extend-stay apartments. ###