The Real Deal New York

Danny Meyer shacks up with Vornado at Penn Station

Popular burger chain taking 2,500 sf in station's underground concourse

April 06, 2016 09:02AM


Penn Station (Credit: Rickyrab via Wikipedia) (inset: Danny Meyer) (Credit: STUDIO SCRIVO)

Can I get an expensive burger with my commute? The answer will soon be yes — Shake Shack inked a 10-year lease for a 2,500-square-foot space at Vornado Realty Trust’s retail corridor at Penn Station.

The popular burger chain, founded by restaurateur Danny Meyer, will open in the station’s underground concourse.

Asking rents were $500 per square foot, according to the New York Post.

CBRE’s Andrew Goldberg, Matt Chmielecki and Preston Cannon represented Shake Shack, and Ed Hogan represented Vornado, in-house, the tabloid reported.

In October, The Real Deal reported that Meyer‘s Shake Shack was checking out a 11,500-square-foot, two-story building at 661 Driggs Avenue in Williamsburg.

Vornado has been upping the retail and food game at Penn Station with the opening of Pennsy, an upscale 8,000-square-foot food court at 2 Penn Plaza, once the home of Borders.

In its March issue, The Real Deal took a look at Vornado’s investment in the area, where the real estate investment trust owns 8 million square feet of office and retail space. [NYP, 2nd]Dusica Sue Malesevic