Owner of Quality Meats inks 20-year lease at 1345 Sixth Avenue

Asking price was $250 psf

TRD New York /
Oct.October 09, 2018 10:00 AM

1345 Sixth Avenue and Alan Stillman (Credit: Fisher Brothers and Quality Branded)

A steakhouse just inked a 20-year lease at Fisher Brothers’ 1345 Sixth Avenue.

Quality Branded, owners of steakhouse chain Smith & Wollensky and Quality Meats and Quality Italian, is taking nearly 10,000 square feet on the ground floor of the 50-story office tower, the New York Post reported. The name of the restaurant has not yet been revealed, but it’s expected to open in late 2019.

Asking rent for the space was $250 per square foot. Marc Packman and Clark Briffel represented Fisher Brothers in-house, along with CBRE’s Eric Gelber and Jordan Kaplan.

The building’s lobby and the surrounding public plaza are undergoing a $65 million renovation. Last year, infrastructure investment company Global Infrastructure Partners signed a lease for 42,300 square feet on the building’s 30th floor. [NYP] — Kathryn Brenzel


Related Articles

arrow_forward_ios

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark

arrow_forward_ios