Trader Joe’s working on secret Midtown lease, aiming to “surprise” Whole Foods

Parties involved made to sign nondisclosure agreement

TRD New York /
Mar.March 12, 2019 09:00 AM

A Trader Joe’s location at 142 East 14th Street (Credit: Wikipedia and Pixabay)

Who knew the grocery business could be so full of intrigue?

Trader Joe’s is working on a huge, under-wraps deal at the Park Imperial condo building at West 55th Street and Broadway, the New York Post reported.

“They’re keeping it secret because they want to take [competitor] Whole Foods by surprise,” a source told the Post.

The deal will reportedly also include a seven-story former garage next door. “They had to explain to garage users why they were losing their garage,” a source told the Post. “But everyone involved had to sign a tough nondisclosure agreement.”

The location is just a few blocks south of the Whole Foods megastore at Time Warner Center.

“We are very interested in the Broadway location but that is all of the information there is to share or confirm at this time,” a representative for Trader Joe’s told the Post in a email.

Trader Joe’s has 11 other locations in the city, and recently announced that it was shutting down delivery services from its Manhattan stores (its outer borough stores have never offered delivery). [NYP] — Kevin Sun

 

Related Articles

arrow_forward_ios
Andrew Florance, CEO of CoStar (Photo by Jeffrey MacMillan for the Washington Post)

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts

EXCLUSIVE: CoStar’s Andy Florance on buying Ten-X, the future of office buildings and why brokers don’t need discounts
An institutional investor’s sale of a 7 percent stake in an exchange-traded real estate fund reveals deep concerns about the sector. (Credit: iStock)

Mystery investor dumps big stake in real estate fund

Mystery investor dumps big stake in real estate fund
Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off

Thor Equities’ big bet on Fulton Market is paying off
CEO Andrew Florance (Credit: CoStar via YouTube)

CoStar buying Ten-X for $190M

CoStar buying Ten-X for $190M
Small landlords, such as Jan Lee, a New York landlord who owns two buildings, say Wall Street players will take their place unless rent relief comes soon. (Credit: Twitter; background via BRYAN R. SMITH/AFP via Getty Images)

Small landlords call for rent relief package, fearing Wall Street takeover

Small landlords call for rent relief package, fearing Wall Street takeover
Cohen Brothers Realty president and CEO Charles Cohen and Cushman & Wakefield Chairman of Global Brokerage Bruce Mosler

Hear from billionaire Charles Cohen on today’s TRD Talk

Hear from billionaire Charles Cohen on today’s TRD Talk
Northwind's Ran Eliasaf

Northwind Group launches $220M debt fund focused on NYC

Northwind Group launches $220M debt fund focused on NYC
(Credit: iStock, Pixabay)

NY bill would let businesses take temperatures, refuse entry

NY bill would let businesses take temperatures, refuse entry
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...