RKF Arranges Leases in Manhattan for Off the Wall Frozen Yogurt’s Third and Fourth Locations
High-End Frozen Yogurt Chain to Open Stores in Union Square and Chelsea by Fall 2012
NEW YORK, NY – RKF recently arranged long-term leases for Off the Wall Frozen Yogurt at 248 West 23rd St. between Seventh and Eighth Avenues in Chelsea, and at 4 West 14th St. between Fifth and Sixth Avenues in Union Square. The West 23rd St. location will have 2,000 square feet of space on the ground floor and 800 square feet in the basement. The West 14th St. location will have 1,700 square feet of space on the ground floor and 1,250 square feet in the basement. Opening in the fall of 2012, the two new stores are Off the Wall Frozen Yogurt’s third and fourth locations.
RKF Director Zach Winkler arranged both leases on behalf of Off the Wall Frozen Yogurt. In the 248 West 23rd St. deal, the building’s coop board was represented by Newmark Grubb Knight Frank Director Trever Gallina and Associate Aaron Cukier. At 4 West 14th St., the landlord, Ozymandius Realty, was represented in-house.
“Off the Wall Frozen Yogurt is aggressively expanding, and wanted to build its presence in Manhattan, where premium frozen yogurt has become popular among gourmets, health-nuts and families alike. By opening its second and third Manhattan stores in the densely populated Union Square and Chelsea neighborhoods, the brand will reach a wide demographic of shoppers, restaurant-goers, residents and tourists,” said Winkler. “The foot traffic from the nearby movie theatre at 248 West 23rd Street, as well as the ability to be seen from Fifth Avenue at 4 West 14th Street, was especially appealing to Off the Wall Frozen Yogurt.”
Off the Wall Frozen Yogurt is a high-end, self-serve premium frozen yogurt company that provides an unparalleled experience for its customers with 16 flavors and more than 48 toppings to choose from. Off the Wall Frozen Yogurt offers an upscale look and a modern, inviting, atmosphere at each of its locations. The brand currently has two stores, one in Cedarhurst, N.Y. and its recently opened Midtown Manhattan store at 1053 Second Ave., between East 55th and 56th Streets.
The country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With approximately $20 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, and San Francisco.