RKF Secures First Manhattan Location for Teavana at 1291 Lexington Ave. on the Upper East Side
Atlanta-Based Tea Emporium and Retail Shop to Open Next Month
NEW YORK, NY – As the exclusive retail leasing representative in New York City for Teavana, RKF secured the Atlanta-based premium loose-leaf teas and teaware retailer’s first Manhattan location at 1291 Lexington Ave., located between 86th and 87th Streets.
RKF Executive Vice President Ariel Schuster, Senior Director Greg Covey and Associate Justin Fantasia arranged the retail lease on behalf of Teavana, while Director Jackie Totolo, also of RKF, represented ownership, The MP 1291 Trust.
“Teavana was looking to break into the Manhattan market, and simultaneously open its first street location after concentrating its North American expansion in the country’s top malls,” said Schuster. “1291 Lexington Avenue offered an ideal retail space for the brand to make its mark, with 41 feet of frontage in a highly trafficked location, near a major subway stop and Upper East Side cross-section. Teavana also recognized the opportunity to access the large number of shoppers that are visiting neighborhood co-tenants such as Brookstone, Best Buy, Staples and Starbucks each day.”
Established in 1997, Teavana is a specialty retailer offering more than 100 varieties of premium loose-leaf teas, authentic artisanal teawares and other tea-related merchandise through its website and in over 269 company-owned stores in the U.S. and Canada. Teavana offers an engaging retail experience to new tea enthusiasts and tea connoisseurs alike, where passionate and knowledgeable “teaologists” educate shoppers about the ritual and enjoyment of tea.
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.