March 24, 2017 Comments Off on Italian Restaurant Signs Long-Term Midtown East Lease Views: 438 Midtown New York, New York News

Italian Restaurant Signs Long-Term Midtown East Lease

Italian restaurant La Pecora Bianca signed a long-term lease for 5,021 square feet at 944 Second Ave. in Manhattan’s Midtown East neighborhood.

“The food and beverage service industry is among the most active categories of retail real estate right now,” said Ross Kaplan, executive managing director for Newmark Grubb Knight Frank, which represented the building owners, a subsidiary of the Klein Group.

“Boasting extraordinary 18-foot ceilings, this corner location will provide great exposure for La Pecora Bianca,” he said. It’s the second location for La Percora, which current has a site at 1133 Broadway (pictured). The new location will open in the summer of 2017.

The asking rent of the property was $245 per square foot on the ground floor, where La Pecora Bianca will occupy 2,918 square feet, and $45 per square foot on the lower level,where it will take space in an additional 2,103 square feet.

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