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Retail

Savitt team signs Korean food hall at Times Square retail space

Savitt Partners announced a major multi-level retail lease for a Korean food hall at 218 West 40th Street, a 166,000 s/f boutique office property.

Brian Neugeboren, Nicole Goetz and Bob Savitt serve as the exclusive leasing agents for the property and represented the ownership in the lease negotiations.

Young Byunn of Winick Realty acted on behalf of the tenant.

KFF, Inc., an Asian superstore and food hall, will occupy 10,316 s/f on the ground floor, 5,192 s/f on the mezzanine level, as well as 7,419 s/f of basement space. The average asking retail rent at the property is $100 psf. Located on West 40th Street between Seventh and Eighth avenues and diagonally across from The New York Times’ headquarters, 218 West 40th Street is a 12-story, boutique office along the newly rejuvenated neighborhood and Eighth Avenue corridor. Just a few steps from Times Square, the Fashion District and Bryant Park, the building offers tenants adaptable open layouts on full floors with up to 14,000 s/f of space.

Touro College, DEFINITION 6, National Academy Foundation, Urban Outfitters and Avery Dennison are among the building’s leading tenants.

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