Schwarz arranges 1,597-square-foot lease for plant-based eatery at 666 Third Avenue
Brad Schwarz, Executive Managing Director/Principal, of Lee & Associates NYC has negotiated a ground-floor, 1,597-square-foot lease at 666 Third Avenue, between 42nd and 43rd Streets, for Le Botaniste. The company was founded in Belgium and has locations in both Ghent and Brussels. This will be the third New York City restaurant for the brand, which currently has outposts on the Upper East Side and in Soho.
“Located only a block from the Chrysler Building and nearby numerous other office buildings, Le Botaniste will provide a healthy and affordable lunch option for many people,” explains Mr. Schwarz, who represented the tenant. “Not only is the food both plant-based and organic, but each location has a natural wine bar as well, making this the perfect post-work drink spot in the heart of Midtown East.”
666 Third Avenue is conveniently located near Grand Central Terminal, where transportation options include the 4, 5, 6, 7 and S subway lines, the Metro-North Railroad and numerous bus lines. Surrounding retailers and restaurants include Gap, The Capital Grille, Roti Modern Mediterranean and New York Sports Club.
Le Botaniste is expected to open in the spring of 2019. The property owner, Tishman Speyer, was represented in-house by Nicholas Howell. The lease term is 12 years and asking rent was $300 per square foot.
About Lee & Associates NYC
The New York office of Lee & Associates, and its affiliated company Sierra Real Estate LLC, provides a full array of corporate advisory and commercial real estate services, including office and retail brokerage, sales and investments, and project and property management. Together, the firms have more than 85 real estate professionals in its 600 Madison Avenue headquarters office. Additional information is available at www.leeassociatesnyc.com.
About Lee & Associates
Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients.For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link our company blog.
