Sarabeth’s to take over Bazzini’s Tribeca space

September 21, 2010 02:30PM

339 Greenwich Street (source: PropertyShark)

Upper West Side brunch venue Sarabeth’s Kitchen signed a 15-year lease for a 9,000-square-foot space at 339 Greenwich Street in Tribeca, replacing Bazzini Nuts, the Observer reported. Open since the 1960s, Bazzini — which makes the peanuts at Yankee Stadium — decided to close its retail location and move its nut factory to the Bronx, after facing competition from the nearby Whole Foods. Sarabeth’s opened on Amsterdam Avenue in the 1980s selling homemade jam and baked goods. Peter Braus of Sierra Realty represented both the tenant and landlord, Bazzini Co., along with the Brad Schwarz. The deal was only finalized after an 18-month negotiation process, which was “challenging,” Braus said, since landmark approval was needed to alter the upstairs portion of the building, which has been converted into condos. The asking rent was about $100 a square foot, Braus said. Sarabeth’s has several other locations in New York City — on the Upper West Side, Upper East Side and Midtown — plus one store in Garden City, NY and another in Key West, Fla. [NYO]