Retail

Cipriani Dubai's Restaurant Co Takes 129 W. 52nd Street

Okada & Company is proud to announce the successful lease up of the retail at 129 West 52nd Street, New York, NY. The 5,000 SF + property was leased to international hospitality company Bulldozer Group, which runs and operates dozens of restaurants and venues around the world including Tanuki Restaurant (60 locations), Cipriani Dubai, Socialista, VIP room and Movida. Tom Caliendo and Daniel DePasquale of Winick Realty Group represented the tenant, and the ownership Christopher Okada, David Ho, and Francis Leung represented themselves. The asking rent was $175/SF. 

The retail property sits at the base of 135 West 52nd Street which is formerly the famed Flatotel. It was converted into a luxury mixed-use condominium project which includes 109 luxury apartments, office park, and a retail condominium. The developers Chetrit Group & Clipper Equities acquired the site in 2013 and began launching sales in 2015. Celebrated architectural firm Cetra Ruddy collaborated with French lighting designer Thierry Dreyfus to create a beautiful, upscale, and state-of-the-art living and working environment.  

Okada & Company president Christopher Okada said "It took a lot of work, and we were negotiating with several groups, however, when I met and sat with some of the Bulldozer executives in Miami, I felt they were the right group and we issued leases shortly thereafter.... there's still a lot of work ahead." 

 

SWIM & RESORT FASHION COMPANY TAKES UNION SQUARE

New York, NY - April 25th, 2017 - Okada & Company is pleased to announce the successful lease of the retail at 3 East 17th Street Street in the Union Square section of Manhattan.

3 East 17th Street, NYC

3 East 17th Street, NYC

The tenant, Everything But Water is a women's apparel company with over 100 retail outlets throughout the country. For over 30 years they've specialized in the sale of swim and resort fashion all year-round.

Everything But Water took 2,200SF of retail which is currently occupied by women's intimates company Journelle. The 10 Year lease was structured by David Ho & Francis Leung of Okada & Company who represented the landlord. RKF represented the tenant.

Okada & Company is a multifaceted, progressive, and full service commercial real estate advisory and investment firm. With over four decades of New York City experience, Okada & Company has become one