Real Estate Weekly
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Gourmet market chooses Village for fifth outpost

Lee & Associates NYC have negotiated a 8,200 s/f lease at 378 Sixth Avenue, between Waverly Place and West Eighth Street, for Greenwich Gourmet Market.

Mark Kapnick, executive vice president/principal, and Michael Watson, associate director, represented the tenant.

The property owner, Friedland Properties, was represented by Brett Weinblatt of Compass. The lease term is 21 years and asking rent was $200 psf.

The square footage will be divided between 4,000 s/f on the ground floor and 4,200 s/f on the lower level.

Although this new location will be dubbed Greenwich Gourmet Market, the tenant currently has four stores in Brooklyn under various names with future plans to expand into underserved residential corridors in Manhattan.

“Located right off Washington Square Park, Greenwich Gourmet Market couldn’t be better positioned to succeed,” said Kapnick.

“The store will offer a wide variety of gourmet prepared foods in addition to more traditional grocery items, making it a neighborhood go-to.”

Greenwich Gourmet Market is expected to open in June.

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