Danny Meyer shacks up with Vornado at Penn Station

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

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

Sign Up for the undefined Newsletter

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