Newmark Retail announces a new 1,900 square-foot lease for the Australian premium coffee brand, Ten Thousand Coffee, at 14 Wall Street.
This serves as the brand’s first stateside location at one of the busiest pedestrian blocks in Lower Manhattan.
Newmark’s Senior Managing Director Caleb Petersen represented the tenant, while Senior Managing Director Darrell Rubens represented the landlord, Roza 14W LLC, in the transaction.
“14 Wall provided an intersection of opportunity to capture the strong tourism traffic of Wall Street, with the high density of the surrounding office. For its size, the location is a rare sighting in the Financial District,” commented Petersen.
Headquartered in Sydney, Australia, Ten Thousand Coffee is recognizable for its transparent and distinctive logo ‘10000’ and simple focus to provide customers a cup of exceptional specialty coffee every day. Ten Thousand Coffee will open its first location in the United States, across the street from N.Y. Stock Exchange and One Wall Street.
“As offices and restaurants are returning, this is a perfect opportunity to grow the Ten Thousand Coffee’s brand and expand its global footprint in the U.S. market,” added Rubens.
“We are very excited to welcome Ten Thousand Coffee to our historic building. With the financial district returning to its typical dynamic and vibrant life, this is a perfect space for the tenant’s business. We look forward to their many years of success,” said Alex Rovt of Roza 14W LLC.
Located on the north block between Broadway and Broad Street, Ten Thousand Coffee’s new lease includes 1,000 s/f of space on the ground level and 900 s/f of space in the basement of 14 Wall Street.