Restaurant and Bakery Chain Expands to 205 Bleecker Street
NEW YORK (June 27, 2016) – RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, has arranged a 2,969-square-foot lease for the growing Le Pain Quotidien chain. Started in Brussels in 1990, the Belgian-inspired bakery and communal table chain will open a location at 205 Bleecker Street in the heart of Manhattan’s West Village.
RKF Managing Director Ross Berkowitz, Senior Associate Brandon Berger and Associate Hunter Rief represented the landlord, Infinity Group, a privately-owned developer, owner, and manager of real estate in primary U.S. markets, which co-owns the building with Seven Equity Group. Mark Frankel, senior managing director at Newmark Grubb Knight Frank, represented Le Pain Quotidien. RKF has also been retained by Infinity Group as the exclusive leasing agent for the remaining 3,114 square feet of retail space available on the ground and lower levels, which include 22 feet of frontage on Bleecker Street.
Le Pain Quotidien will occupy 1,524 square feet on the ground floor and 1,445 square feet on the lower level of the six-story prewar walkup co-op building located at the intersection of Sixth Avenue, Bleecker Street and Minetta Street. The space was previously occupied by American Apparel.
Situated in the heart of the West Village, one of Manhattan’s most historic, popular and busy retail corridors, the wedge-shaped building, known as a smaller-scale Flatiron lookalike, offers high visibility and robust foot traffic. The area features a richly varied mix of restaurants, service businesses and numerous apparel and accessory retailers. Neighbors include Juice Generation (coming soon), Bank of America, Bar Pitti, by CHLOE, Cafe Clover, Caliente Cab Company, Charlie Bird, Dos Toros Taqueria, Duane Reade, El Toro Blanco, Grom, Joe’s Pizza, Minetta Tavern, Sweetgreen, Pig Beach (coming soon) and The Coffee Bean & Tea Leaf. Le Pain Quotidien will open in the Fall 2016.
“205 Bleecker is positioned between the West Village and Greenwich Village, and a few steps from Washington Square Park, NYU’s bustling campus and playground,” said Berkowitz. “The neighborhood has evolved into a prime destination for food enthusiasts, with many new eateries including Sweetgreen and by CHLOE. It is a rare opportunity for restaurants and food chains to establish a strong presence and be seen by the many residents, students and tourists strolling the neighborhood day and night.”
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 and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.