News: Brokerage

Walter & Samuels and Winick negotiate lease for Hao Noodle–4,100 s/f

Manhattan, NY According to Walter & Samuels, Inc., Hao Noodle & Tea by Madame Zhu’s Kitchen has signed a 15-year lease for 4,100 s/f of retail space at 343 West 14th St. in the Meatpacking District for its second area location.

 According to Walter & Samuels chairman David Berley, who has owned the building for 11 years, restaurateur and owner Zhu Rong established her brand with a popular chain of restaurants in China before entering the North American market. Hao Noodle & Tea opened its first restaurant at 401 Sixth Ave. in the Greenwich Village, another Berley-owned property.

 “We are pleased to provide Hao Noodle & Tea its second restaurant location on a prime stretch of West 14th Street with great visibility and foot traffic, which will build on the success of the restaurant’s first location,” said Berley, who as an owner of area retail for almost 50 years, has leased space to restaurants that include Tony May, Le Coq Rico and Quo Vadis.

 Located between Eighth and Ninth Aves., the space features 2,500 s/f of ground-level retail with a new glass storefront, skylight, exposed brick, and 1,600 s/f in the basement.

Winick executive vice president Lee Block and associates Danielle Winick and Renee Tabache partnered with Steven Forest, a senior executive managing director at Walter & Samuels, Inc., the building’s management company, to represent the owner.

“Hao Noodle & Tea will benefit from a vibrant and diverse neighborhood that includes the world’s top fashion, media, entertainment and retail tenants, as well as proximity to the High Line and the Meatpacking District’s sole subway station, just a half a block away,” said Block, who noted that the restaurant plans to continue expanding across the East Coast.

Built in 1920, 343 West 14th Street is a five-story residential building with 16 apartments and a premium ground floor retail space. The surrounding area includes the recently completed condominium building 345meatpacking, the High Line, and area business that include Apple, Sephora, Columbia Sportswear, Sorel, Hugo Boss, and many others.

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