NEW YORK (March 16, 2018)—RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it has arranged a 9,900-square-foot lease for Pergola at 116 E 16th Street. This will be the popular Mediterranean restaurant’s second location.
RKF’s Jeff Geoghegan and Ravi Idnani represented the tenant in the transaction. Joshua Smith from Milsmith represented the landlord.
Pergola will occupy 5,500 square feet on the ground floor, 4,400 square feet in the lower level, and benefit from 30 feet of frontage. Situated on East 16 Street between Union Square and Irving Plaza, 116 E 16th Street is a 12-story building that was built in 1910. The space was formerly occupied by Brother Jimmy’s BBQ.
“With more than 75,000 residents, 140,000 employees, 60,000 students and millions of tourists every year, Union Square remains one of New York City’s most popular neighborhoods,” said Idnani. “We are confident that Pergola will duplicate its previous success and will be a welcome addition to the diverse food offerings for which Union Square has become known and appreciated.”
Pergola’s Mediterranean menu is influenced by the flavors of Greece, Turkey and the Middle East, and its kitchen will be led by Executive Chef Nestor Moina. Pergola’s first location, at 36 West 28th Street, has been open for five years.
Pergola will be close to vibrant Union Square Park and benefit from its proximity to the area’s many subway lines and 24/7 foot traffic, as well as neighbors including WeWork, Starbucks, the Daryl Roth Theatre, Wok to Walk and the Lee Strasberg Theater Institute.
The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $30 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.
RKF’s New York City office is located at 521 Fifth Avenue, Floor 7, New York, NY 10175.
T: 212.599.3700. www.rkf.com