The Durst Organization announced that Starbucks Corporation has signed a 10-year and three-month lease for 1,192 s/f on the ground floor of the Bank of America Tower at One Bryant Park.
Starbucks signed their first lease at the LEED Platinum office tower in 2011, shortly after the building’s completion.
Starbucks was represented by David Firestein, Partner, at TSCG. The Durst Organization was represented in-house by Executive Vice President Tom Bow and Senior Managing Director Rocco Romeo.
“We are pleased to continue to have Starbucks as a retail tenant at our headquarters at One Bryant Park,” said Jonathan (Jody) Durst, President of The Durst Organization.
“A great coffee shop is an asset to an office building. And especially now, it is heartening to see workers picking up Starbucks on their way up to their offices in the morning or heading downstairs to take an afternoon break to refuel.”
Starbucks saw its global sales cut 40 percent by the COVID pandemic, however, the company said it is on the road to recover.
“Our near-term focus is to recover sales safely and responsibly by offering our customers the comfort and care that differentiate the Starbucks Experience,” said Kevin Johnson, president and CEO, announcing the company’s third quarter results.
“We are pleased to share that the vast majority of Starbucks stores around the world have reopened and our global business is steadily recovering, demonstrating the relevance of the Starbucks brand and the trust we have built with our customers.
“As we continue to drive the recovery, we are also building resilience for the future by accelerating the transformation of our business in ways that will elevate the customer and partner experience and drive long-term growth.”
One Bryant Park was the first skyscraper in North America to achieve LEED Platinum certification and ranks among the most environmentally advanced skyscrapers in the world.
Building features include an urban garden room, a 4.6 megawatt combined heat and power plant, an ice cooling system, a building-wide water reclamation system, green roofs that utilize compost from tenant waste, state-of-the-art advanced air filtration for exceptional indoor air quality, destination dispatch elevator controls, and dedicated backup emergency generators.
Since 1971, Starbucks Coffee Company has 32,000 stores around the globe.