Manhattan, NY Kellogg’s Café has signed a 1,600 s/f lease at 1600 Broadway for its first quick-service café and brand-experience store.
In partnership with Journee Co.create NYC, the store, located in Times Sq., will sell assorted food, beverages and Kellogg merchandise and is situated near other major brand-experience stores, including M&M World and Hersheys.
Mark Tergesen and Jennifer Bernstein of ABS Partners Real Estate represented the tenant in the transaction, while Fred Rosenberg of Sherwood Equities represented the landlord in-house.
ABS Partners Real Estate is a leading New York City based real estate firm dedicated to building lasting real estate and professional partnerships. Their team maintains a focus in two areas: providing services which add value in leasing, investment sales, property management, construction management and advisory; and organizing opportunities for their clients to participate in the ownership of real estate.
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.