Eataly Leases Space in SoHo for Third Manhattan Location
Italian marketplace/food hall chain Eataly has leased 18,353sf of retail space at 200 Lafayette for its third Manhattan location, according to the New York Post. The asking rent for the space, which was previously occupied by luxury appliance showroom Pirch, was $2.6 million per year, according to Commercial Observer. Eataly’s other two New York stores are located at 200 Fifth Avenue in the Flatiron District (opened in 2010) and 4 World Trade Center in the Financial District (opened in 2016).
Last month UK-based private equity investment firm Investindustrial acquired a 52 percent stake in Eataly for 200 million Euros (roughly $198 million), becoming a majority shareholder, according to Restaurant Business.
The 130,000sf SoHo property at which Eataly will operate its third store was purchased for $20 million in 2006 by the Zaccaro family; for $50 million in 2012 by Jared Kushner and CIM Group; and for $148.75 million in 2013 General Growth Properties (GGP), according to the New York Post. Brookfield Property Partners acquired GGP in 2018.
Last Updated on October 29, 2022 by Ramin Seddiq