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

Asking price was $250 psf

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

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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

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