Winick Realty Group and ABS Partners Bring High-End Eatery Concept to 270 Madison Ave
Winick Realty Group and ABS Partners Real Estate, LLC announced that Sarah’s Kitchen has signed a 9,150-square-foot lease for the retail space at 270 Madison Ave., located between East 39th and East 40th Streets in the heart of Midtown East. The eatery, which is expected to open in the third quarter of 2014 and will offer a wide variety of food items for dine-in and take-out customers, will occupy approximately 6,350 square feet on the ground floor and 2,800 square feet in the mezzanine.
The tenant – part of the same restaurant group that operates Delmonico’s Gourmet Food Market – was represented by Tony Park of PD Properties. Hal Shapiro of Winick Realty Group represented the landlord, ABS Partners, along with ABS’ Mark Tergesen.
“With such close proximity to Bryant Park and Grand Central Station, this area is filled with office workers and tourists who are in need of quality places to eat,” said Shapiro. “Sarah’s Kitchen will provide a solution for them, offering quick meals including salad, sushi, pasta and sandwiches at a reasonable price.”
The corner Restaurant space formerly occupied by Salute is now available. The 5,200 SF site features more than 170 linear feet of wrap-around frontage, 18-foot ceiling heights, and the ability to expand into the 5,500-square-foot lower level is available. A space totaling 13,250 square feet on the second floor will also become available for expansion in the first quarter of 2014.
“Ownership will consider high-end restaurants looking to renovate and reinvent a great restaurant corner, or retailers seeking to capitalize on a unique multi-level retail opportunity that can provide up to 24,800 square feet at a blended rate of $90 per square foot,” said Tergesen.
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Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services. Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies. Winick Realty Group is highly recognized as a forerunner in the retail real estate market.