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L&L closes on Nobu lease at 195 Broadway

L&L Holding Company today (Thursday) announced is has closed on a lease with Nobu, one of the city’s legendary restaurants, at its downtown office tower, 195 Broadway, owned by

The restaurant – which is owned by Meir Teper, Robert De Niro, Nobu Matsuhisa and Drew Nieporent – has signed a 15-year, 14,384 s/f  lease comprising a portion of the ground floor and a portion of the lower level on the Fulton Street side of the building jointly owned by L&L  and institutional investors advised by J.P. Morgan Asset Management.

It expects to open in January 2017. Like the original restaurant, which opened at 105 Hudson Street in 1994 and has since spawned 30 more NoBu’s around the world, the newest Nobu will be designed by architect, David Rockwell.

195 Broadway retail rendering
195 Broadway retail rendering

The leasing transaction brings one of the city’s premier dining venues to the one million-square-foot building. As part of its retail master plan, L&L collaborated for the past six years with the New York City Landmarks Preservation Commission and Community Board 1 to bring a stunning retail component to the property while preserving the integrity of the original William Welles Bosworth-designed lobby, which is a designated city landmark.

Upon completion, the retail project will transform the blockfront on Broadway and include 44,600 rentable square feet with 40-foot tall glass partitions and a galleria pass through connecting Fulton and Dey Streets.

After closing the transaction, L&L President Robert Lapidus, commented: “When Nobu opened their original location, it solidified TriBeCa as a destination among tastemakers and we are confident that the move to 195 Broadway will have the same effect on Downtown North.”

L&L Executive Vice President David C. Berkey represented the building’s ownership in the long-term transaction. Asking rents range for retail space at 195 Broadway range from $500 to $600 per square foot.

According to  Berkey, the property presently has two remaining retail spaces available, including 9,871 square feet on the Fulton/Dey Street corner and 20,344 square feet on the Dey Street/Broadway corner.

Major office tenants at 195 Broadway include Omnicom, HarperCollins Publishers and XO Group.

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