The Real Deal New York

MealPal moves to Kaufman Organization’s 45 West 27th St.

Dining app just raised $20M in venture funding
By Konrad Putzier | December 15, 2017 07:00AM

45 West 27th Street and Kaufman’s Grant Greenspan (Credit: LinkedIn)

Dining app company MealPal is moving to the Kaufman Organization’s 45 West 27th Street. The startup inked a 5,702-square-foot lease for a pre-built space, Kaufman announced Thursday.

MealPal, founded in 2016 and backed by $35 million in venture funding, sells meal plans that allow customers to eat at participating restaurants citywide for a flat fee. In September it raised a $20 million Series B round led by Menlo Ventures.

Marketing and communications agency Pinerock Productions also inked a 5,702-square-foot lease in the same building. Kaufman’s Grant Greenspan, Michael Heaner and Elliot Warren represented the landlord in both deals. Cushman & Wakefield’s Jamie Katcher and Sebastian Infante represented MealPal, while C&W’s Edward Mombello represented Pinerock.

Both tenants plan to move in in the first quarter of 2018.

Kaufman bought the long-term ground lease on the building, along with three other properties in the former Ring portfolio, from Gary Barnett in 2014 in a deal valued at more than $150 million. The company then renovated the property, adding glass walls and graffiti art to the elevators among other changes.