Lee & Associates NYC announced that the firm has arranged a 25-year lease for Brooklyn Fare grocery store at West End Towers at 75 West End Avenue between, West 62nd and West 63rd Streets in Lincoln Square.
It will be the grocer’s fourth New York City location, with existing stores in the Hudson Yards, West Village and Downtown Brooklyn.
Brooklyn Fare signed a long-term lease with The Brodsky Organization for the space. Asking rent for the 21,600 s/f space was $85 psf.
“Lincoln Square has been rapidly evolving into a true neighborhood over the past five years, and Brooklyn Fare is extremely well-positioned to prosper,” said Brad Schwarz, principal at Lee & Associates who represented both sides in the lease with colleagues JP Sutro and Morris Dweck. “Their high-quality, affordable options will meet the needs for this diverse neighborhood.”
Brooklyn Fare will occupy the ground floor of the 1,000-unit rental complex, West End Towers. Once home to low-cost supermarket chain Western Beef, the space will be completely refurbished to open in Summer 2021.
Moe Issa, the owner of Brooklyn Fare, said of the Upper West Side location: “Lincoln Square is a great neighborhood for our expansion of the Brooklyn Fare brand, and the concept caters to shoppers at all price points which the area needs. We sell every-day items up to high-end niche cooking-related products. We are very confident Brooklyn Fare will be embraced.”