Newmark Holdings Announces New Retail Leases At 740 Broadway And 10 Astor Place

8/14/17

Newmark Holdings, a vertically integrated owner, operator, property manager and developer of commercial real estate, announced that &pizza and Juice Generation have taken space at 740 Broadway and 10 Astor Place, respectively, further bolstering Newmark Holdings’ retail portfolio.

&pizza, a popular Washington, D.C.-based brand known for its critically-acclaimed pizza, craft beverages and commitment to conscious community, has leased a 1,500-square-foot store at 740 Broadway. The 12-story, 316,832-square-foot buildingis located within the NoHo neighborhood of downtown Manhattan.Juice Generation, New York’s premier juice bar, just signed an 850-square-foot lease at neighboring 10 Astor Place, a seven-story, 395,000-square-foot, mixed-use building is located in the heart of the NoHo/East Village district. The retailer emphasizes locally grown and organic produce.

The announcementswere made by co-CEOs Eric Gural and Brian Steinwurtzel of Newmark Holdings.

10 Astor Place

Donna Vogel of Newmark Holdings and Ross Kaplan of Newmark Grubb Knight Frank Retail represented the ownership in the deals with &pizza and Juice Generation. Michael Cohen from RKF acted on behalf of &pizzaand Steve Baker of Winick Realty Group represented Juice Generation.

“We are excited for &pizza and Juice Generation to join the mix of health and wellness tenants at 740 Broadway and 10 Astor, respectively,” said Ms. Vogel, senior managing director of Newmark Holdings. “&pizza prides itself on its socially responsible stance when it comes to its product and uses organic dough and fresh produce that is locally-sourced, while Juice Generation strives to make healthy living available to everyone. Both are a perfect complement to the surrounding retail tenants in the community.”

According to Ms. Vogel,the retail at 740 Broadway and 10 Astor Place as well as neighboring Newmark Holdings-owned 440 Lafayette Street has been experiencing incredible growth, with New York Sports Club, Sweetgreen and Walgreen’s currently occupying space at 10 Astor Place, and The Vitamin Shoppe at nearby 740 Broadway.

First built in 1912, 740 Broadway’s lobby renovationwill be completed this month. The property features large windows and 12-foot ceilings with incredible views north and west of New York City. It is ideally located near the intersection of Broadway and Astor Place and is serviced by a number of public transit options.

About Newmark Holdings

Newmark Holdings, led by Jeffrey Gural, Eric Gural and Brian Steinwurtzel, is a vertically integrated owner, operator, property manager and developer of commercial real estate with its 63-year-history of hands-on asset management and portfolio of more than 10 million square feet of commercial properties throughout New York City.