News: Brokerage

Starbucks' first tea bar concept store opens at Manhattan Skyline property

According to Manhattan Skyline, Starbuck's Teavana Fine Teas + Tea Bar, a modern tea bar and retail store, has opened at 1142 Madison Ave. between East 84th and East 85th Sts. The Teavana Fine Teas + Tea Bar, a tea emporium and the first of its kind, will occupy 1,820 s/f on the ground floor at the base of a high-end luxury condominium developed by Manhattan Skyline in 1987. "We're delighted that Manhattan Skyline was chosen by Starbucks to showcase their new Teavana® Fine Teas + Tea Bar," said Joshua Roth, vice president of retail leasing at Manhattan Skyline Management Corp. "This Madison Ave. location is perfectly situated on a street with elegant retail, near the world's best museums, residences and schools and we're confident that Starbuck's new venture into the world of tea artistry will enjoy long-term success." The Tea Bar is only a portion of the 11,000 s/f retail space that now houses powerhouse fitness-fashion brand Lululemon, a firm that has been enjoying a wide range of activity since opening at the Madison Avenue location two years ago. A remaining 5,635 s/f of retail space is still available for lease with 45 feet of Madison Ave. frontage. Scott Edlitz, at the time with ZE Realty Group and now with NAI Global, represented Manhattan Skyline in the transaction and David Firestein of SCG Retail represented Teavana Fine Teas + Tea Bar.
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