French bakery Maison Kayser is looking to exit its leases for all of its NYC locations. The bakery opened its first U.S. store in 2012 on the Upper East Side and has since expanded to 15 bakeries in Manhattan, including in hotspots like Hudson Yards, Columbus Circle, and Union Square.
- Notable locations include: Columbia Property Trust’s 575 Lexington Avenue and Empire State Realty Trust’s 1400 Broadway, according to the Commercial Observer.
- The backdrop: In March, the company closed all of its locations in the city and ‘temporarily’ laid off 689 employees. But even prior to COVID, it closed some stores before leases expired, including two Manhattan locations. [CO]