NEW YORK CITY – Working on behalf of the landlord, RKF has arranged an 18,817-square-foot lease with family-owned grocer Westside Market at 84 Third Avenue in Manhattan’s East Village. When it opens next summer, this will become Westside Market’s fifth location in Manhattan.
Located at East 12th Street, 84 Third Avenue is a new nine-story residential development featuring approximately 86 rental units and 90,000 total square feet.
RKF Executive Vice President Ariel Schuster, along with Senior Director Zach Winkler and Associate Taryn Talmadge, represented the owner of 84 Third Avenue, YYY Third Avenue LLC. The Westside Market was represented by Stu Morden of Newmark Grubb Knight Frank Retail. The new Westside Market will feature 10,500 square feet on the ground level, with the remaining space in the lower level.
“There was a noticeable gap in the market for food retailers in this area,” said Schuster. “The large resident and student populations in the area will provide an excellent customer base for the Westside Market.”
“Not only will the Westside Market be an outstanding addition to the entire East Village, but having a premier gourmet market at the base of our development will help transform 84 Third Avenue into a best-in-class, luxury rental building,” said Eli Weiss, Partner at YYY Third Avenue, LLC.
84 Third Avenue will be completed early next summer.
The country’s leading independent real estate firm 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 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.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world's leading commercial real estate advisory firms. We provide a fully integrated platform of services to prominent multinational corporations and institutional investors across the globe, as well as to occupiers, owners and developers of real estate on a local, regional and national level. NGKF, together with its affiliates and London-based partner Knight Frank, employs more than 12,000 professionals, operating from more than 320 offices in established and emerging property markets on five continents.
About Westside Market
Since 1965, the Westside Market has been deeply engrained in the fabric of Upper West Side life. Each of our locations enjoys a remarkably loyal following, which is no surprise; it’s a direct result of the fact that the Zoitas family takes great pride in every aspect of their business. Our mission is simple: to become your favorite neighborhood food market and caterer of choice by offering the highest quality foods and hard-to-find products supported by friendly, personalized, efficient service.