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Deals & Dealmakers

Chocolatier creates a sweet spot

Eastern Consolidated has arranged a long-term, 2,000 s/f corner retail lease for world-renowned French chocolatier Michel Cluizel at 199 Madison Avenue.

For many years a travel bookstore, the Complete Traveller, occupied the space.

James Famularo, Senior Director, and Ravi Idnani, Associate Director, of Eastern’s Real Estate Leasing Division represented Michel Cluizel, which is relocating to Madison Avenue from 584 5th Avenue between 47th and 48th Streets. The building’s owner, Rose Associates, was represented by its leasing agents Bruce Spiegel and Louis Joachim.

“This corridor is rapidly changing and we’re getting many requests from all types of tenants, especially restaurants,” Famularo said. “International Japanese cuisine giant Zuma, which has restaurants in eight other cities including London and Miami, opened last month at 261 Madison Avenue.”

Idnani continued, “The company also plans to expand its retail presence in other areas of the city and we are currently working to secure additional retail sites in Downtown Manhattan and the Upper East Side.”

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