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 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