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Deals & Dealmakers

Swedish eatery opens on Park Ave.

Swedish eatery FIKA is opening a Park Avenue outpost.

Peter Braus, managing director/principal and JP Sutro, director, Lee & Associates NYC arranged a 15-year lease for FIKA at 10 Park Avenue, on the northwest corner of 34th Street.

Peter Braus
Peter Braus

The Swedish-based restaurant chain, known for its aromatic, traditional slow-roasted coffee and hand-crafted chocolates, signed for approximately 1,100 s/f.

“FIKA is a natural fit for this prominent corner because of the quality of the products and quality of the build out,” said Sutro. “We are excited to have their sophisticated concept become front and center at 10 Park.”

Braus and Sutro exclusively represented the owner, 10 Park Avenue Tenants Corp., a 268-unit cooperative, in the transaction. FIKA was represented by Andrew Hawkins, Partner, Transwestern.

According to Hawkins, “It’s an ideal location for Manhattan’s fastest growing lifestyle coffee, chocolate and restaurant chain to capitalize on the pedestrian nature of this city.”

Asking rent was $250 per square foot. The tenant took immediate possession of the space upon lease signing. Anticipated opening is spring 2015.

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