Pax to open two new Manhattan eateries. (Retail New York).
Keen to expand its presence in Manhattan, Pax Organization has just signed leases for two new stores in Midtown mid·town
A central portion of a city, between uptown and downtown.
US & Canad the centre of a town . The trendy eatery, which will have 25 stores open throughout the Metro region by the end of the year, has committed to 2,600 square feet at 225 West 42nd St. and to 2,400 SF at 787 Seventh Ave.
Insignia/ESG's Retail Group arranged both transactions. At 225 West 42nd St., where the group will build a PAX Wholesome whole·some
adj. whole·som·er, whole·som·est
1. Conducive to sound health or well-being; salutary: simple, wholesome food; a wholesome climate.
2. Foods sandwich shop, David LaPierre represented the PAX Organization where, while Eric Gelber and Brad Mendelson represented the landlord, The New 42nd Street, Inc. The lease term is 21 years at an estimated aggregate rent of $10 million. At 787 Seventh Ave., David LaPierre once again represented the tenant, while David Green acted for landlord Lend Lease Real Estate. That deal is for a 15-year term and is valued at $4.6 million. At that location the tenant will construct a Cafe Europa store.
"These two West Side locations are ideal for Pax/Cafe Europa," said Mr. LaPierre, "since both areas enjoy such heavy foot traffic from tourists, the business community and residents, nearly 24/7."
"Lend Lease is particularly delighted to welcome the popular restaurant chain to 787," said Green. "Cafe Europa has distinguished itself with the high quality of its build-outs, and its presence in the building, aka Equitable Center, will become a valuable and convenient amenity a·men·i·ty
n. pl. a·men·i·ties
1. The quality of being pleasant or attractive; agreeableness.
2. Something that contributes to physical or material comfort.
3. for tenants."
The new locations are set to open in late 2002.
"We very much anticipate doing brisk Brisk as a proper name may refer to:
Activities of various national and worldwide organizations for youth aimed at developing character, citizenship, and individual skills. Scouting began when Robert S. further sites in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of .