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Leasing Roundup 9.23.20

Retail Leasing

  • Ramen shop Kyuramen will open its second New York City location near Union Square. The Taiwan-based chain has signed a 10-year lease for 1,700 square feet at Arbor Realty Trust’s 210 East 14th Street. Asking rent was $11,000 a month. (CO)
  • Evil Twin Brewery has signed a 10-year deal for a 1,950-square-foot space on the ground floor of Two Trees’ 45 Main Street in Dumbo. This will be the brewery’s second NYC taproom. Evil Twin will also run a coffee shop inside via Bushwick roaster Sey Coffee. (CO)

Office leasing

  • Madison International has signed a 10-year lease for 25,000 square feet on the third floor of Tishman Speyer’s 300 Park Avenue. The firm is relocating from its 14,000-square-foot office nearby at 410 Park Avenue (CO)
  • Larry Fink, chairman and CEO of BlackRock, said during a virtual conference with Morningstar Inc. that he doesn’t believe the firm will ever be “100 percent back in the office. Maybe 60 percent or 70 percent, and maybe that is a rotation. But I don’t believe we’ll ever have a full cadre of people in office.” (CO)

Production studio leasing

  • Marketing studio The Garage has signed a 14,682-square-foot lease at 86 34th Street in Industry City. The studio that produces commercials for top brands will use the space for tabletop cinematography, and to provide training and teach online classes. (CO)
  • HelloFresh, the meal kit delivery company, has signed a 10-year lease at the Sunset Park mixed-use complex, and will move its content studio and production space from Manhattan. It will take over 9,294 square feet at 88 35th Street, an upgrade from its current 3,600-square-foot space in Chelsea. In addition to the Industry City space, HelloFresh has a 43,000-square-foot office at 28 Liberty Street in Manhattan. (TRD)

Life Science leasing

  • Biotech firm Opentrons has subleased a 30,000-square-foot at Alexandria Real Estate Equities’ 430 East 29th Street to operate NYC’s new COVID testing lab. The facility, called the Pandemic Response Lab, will provide the city with its own coronavirus testing lab in Manhattan, vastly expanding the city’s testing capacity and accelerating response times. It will be on the 12th floor of the life science tower. (NYTimes+CO)

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