Real Estate Weekly
Image default
Deals & Dealmakers

Sushi restaurant Tokyo Ichiban signs lease at 325 Lex

Eastern Consolidated’s Retail Leasing Division has arranged  a 2,300-square-foot ground floor lease for a Japanese sushi restaurant at the base of 325 Lex, a newly constructed 31-story luxury condominium at 325 Lexington Avenue between East 38th and 39th Streets in Midtown East.

In its first venture in New York City, Japanese-based Tokyo Ichiban Foods Co. Ltd. will open a new concept restaurant in the space, which also offers an 800-square-foot usable lower level, 23-feet of frontage along Lexington Avenue, and 20-foot high ceilings.

Eastern Consolidated’s Senior Director and Principal James Famularo represented the owner and the tenant.

“The site generated tremendous interest and through our broad marketing process, I reached out to Japanese restaurant entrepreneur, Masahiro Origuchi, who created and operated the popular restaurant MEGU at Trump World Tower and in Tribeca at 62 Thomas Street,” Famularo said.

“Acting as a consultant, he contacted executives at Tokyo Ichiban Foods in Japan and they loved both the space and the location.”

Famularo continued, “This is an ideal space for a sushi restaurant because it’s at the base of 325 Lex, a new luxury condominium that is so popular all of the units were sold before the project was completed. The location is in a densely populated area sandwiched between Midtown East and Murray Hill with commercial office buildings to the north, residential doorman buildings on the south, and dozens of hotels and consulates surrounding it.”

Famularo added that nearby eateries do a brisk business with customers waiting on line for Chef Masaharu Morimoto’s Momosan Ramen & Sake across the street.

(Visited 1 times, 1 visits today)

Related posts

Clarion Partners, Westbridge Begin Final Phase of  Award-Winning Stockyards Atlanta with 926 Brady

REW

Marcus & Millichap Capital Corporation Arranges $3 Million Financing for Two Properties in Connecticut and Florida

REW

Denholtz Properties Acquires 53,811-Square-Foot Charlotte, N.C. Industrial Building

REW