Rudin bags food merchant at 215 East 68th Street rentals

Grace's Marketplace, 215 East 68th Street
Grace's Marketplace, 215 East 68th Street

UPDATED, 4:52 p.m., Nov. 6: Family-run food merchant Grace’s Marketplace is staying in the Upper East Side, but soon setting up shop at 215 East 68th Street, a 608-unit rental building owned by Rudin Management.

For 30 years, 1237 Third Avenue at 71st Street has served as the market’s home. The 15-year lease is for a total of 13,125 square feet on the ground floor and lower level — nearly twice the size of the old 7,000-square-foot space. The ground floor is 7,742 square feet, and the lower level is 5,383. Asking rents were $200 per square foot.

The Rudin building, between Second and Third avenues, is undergoing a $90 million renovation, with a new playroom and fitness center. The façade is “98 percent complete,” Michael Rudin told the New York Observer.

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With assistance from Winick Realty Group broker Michael Gleicher, Rudin represented the landlord in-house. David Kevelson of the Manhattes Group represented Grace’s Marketplace.

Winick was tapped in December to market the space, which became in vacant in April, as The Real Deal reported. [NYO]Mark Maurer