RKF notches up 10th location for dessert retailer

Real Estate Weekly,  August 29, 2007  

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Robert K. Futterman & Associates, LLC (RKF) has arranged three new leases for Pinkberry at 313 Columbus, 1039 Second Avenue and 330 West 58th Street, marking 10 locations that the firm has secured for the chain.

RKF senior director Mark Kapnick and associate Brandon Eisenman represented Pinkberry. Josh Strauss, managing director of RKF represented building ownership at the 1039 Second Avenue location. RKF is the exclusive retail leasing agent for Pinkberry in the New York Metropolitan area.

1039 Second Avenue is located on the West block between 54th and 55th Streets in Midtown Manhattan. Just steps from the vibrant Midtown office district, it is situated on the ground floor of the Brevard co-op, across the street from The Milan residential condominium development and just two blocks from the new Veneto and Three Ten residential condominium buildings. Neighboring retail tenants include North Fork Bank, Equinox, Duane Reade, Walgreens and the Sapho Gallery.

313 Columbus Avenue is between 74th and 75th Streets on the Upper West Side, and sits amidst a highly trafficked, bustling seven-day retail market. Neighboring retail tenants include Betsy Johnson, Swatch, Crocs, Chase, Olive Bettes and Lucky Brand Jeans.

Pinkberry's other new location at 330 West 58th Street is situated on West 58th Street between Eighth and Ninth Avenues, steps away from Columbus Circle and the Time Warner Center.

Pinkberry, a Los-Angeles-based retailer, which already has a group of loyal customers, serves a healthy and natural frozen dessert with fruit and other sweet toppings. Retained to help execute a strategic growth plan for Pinkberry's continued expansion throughout the New York Metropolitan area, The retailer currently has 13 retail locations in Manhattan and one in Queens.

RKF also announced it completed its leasing assignment at 10 Hanover Square, also known as 110-114 Pearl Street by leasing 8,200 s/f of space to restaurant Fresco by Scotto. An additional 5,200 square feet has already been leased by RKF to Original Soupman, Starbucks and Washington Mutual.

RKF Chairman & CEO Robert K. Futterman, senior managing director Ariel Schuster and Associate Brett Weinblatt represented building ownership, The Witkoff Group.

Formerly a corporate headquarters, 10 Hanover Square has been redeveloped into a new 23-story, luxury residential rental building offering condominium style finishes and amenities. The building is located at the intersection of Hanover Square and Pearl and Water Streets in the heart of the Financial District. "The arrival of these tenants to this once underserved market further proves that the Financial District has transformed into a true seven day retail neighborhood," said Schuster. Fresco by Scotto, represented by Kim Mogull of Mogull Realty is expected to open in early 2008. The restaurant will occupy 4,200 square feet on the ground floor and a 4,000 s/f basement.

The Original Soupman also recently leased 1,000 s/f on the ground floor. Both units front Pearl Street, directly across from the new British Memorial Garden. Starbucks and Washington Mutual, which previously leased 1,350 and 2,850 s/f respectively, are open for business as well.

COPYRIGHT 2007 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning