January 4, 2018 Link to Article Café Metro

January 4, 2018
Link to Article
Café Metro Opening Newest Manhattan Location in Garment District
By Rey Mashayekhi
Fast-casual restaurant chain Café Metro will open its newest New York City location at 240-246
West 35th Street in the Garment District, where it has agreed to take 5,181 square feet of groundfloor retail space, Commercial Observer has learned.
Café Metro signed a 12-year lease last month for the location at the base of the 18-story,
165,000-square-foot building between Seventh and Eighth Avenues, according to sources with
knowledge of the deal. The new eatery is expected to open next month.
Asking rent in the deal was $140 per square foot, sources said. John Cinosky of ATCO
Brokerage Services represented the landlord, ATCO Properties & Management, while Stu
Morden and Lucas Kooyman of Newmark Knight Frank represented the tenant.
Neil Adamson, ATCO’s chief investment officer, said in a statement that the new Café Metro’s
“close proximity to Penn Station and the 34th Street/Herald Square subway terminal make it an
ideal location for our tenants, visitors and on-the-go commuters.” A spokesman for NKF did not
immediately return a request for comment.
Café Metro is owned by ST Management, which also operates fast-casual brands Fresh&Co and
Flavors. Between the three chains, the new Garment District eatery will be the restaurant group’s
20th Manhattan location and its 21st in the city overall (including a Café Metro at MetroTech
Center in Downtown Brooklyn).
ATCO acquired 240-246 West 35th Street from Robert Weisz’s RPW Group for $108 million in
December 2016. The landlord subsequently completed capital improvements to the building that
included a lobby renovation, common corridor upgrades and sidewalk improvements, and is
currently at work on upgrading its elevators.
Other tenants at the property include the Newsday-owned free daily newspaper amNewYork,
foreign language school Spanish-American Institute, fashion designer Jason Wu, fashion and
eyewear design Thom Browne and bridal designer Reem.
Update: A previous version of this article incorrectly identified the new Café Metro at 240-246
West 35th Street as the fast-casual chain’s 20th Manhattan location. It is actually restaurant
owner ST Management’s 20th Manhattan location between its Café Metro, Fresh&Co and
Flavors fast-casual brands.