Newmark Grubb Knight Frank (NGKF) Retail is pleased to announce that it represented Wok Chi exclusively in the leasing of 1,920 square feet at 918 3rd Avenue in Manhattan. The space was marketed with an asking rent of $340 per square foot. Wok Chi signed this lease following NGKF’s strategic analysis of favorable locations for the restaurant’s debut in New York City.
Wok Chi is a stylish, fresh, casual restaurant that serves authentic pan-regional Chinese food. It is headquartered in Florida, with additional locations to be opened in the greater Tampa area. Each restaurant features individually-customized stir fries that are prepared fresh in the lively open kitchen. Every item on the menu is MSG-free and all ingredients are meticulously sourced. Guests can choose from a variety of dim sum and craft beverages to complete their Wok Chi experience. Wok Chi plans to continue their expansion into Manhattan with additional locations through 2016, working exclusively with NGKF.
NGKF’s Adam Weinblatt and Reed Zukerman represented the tenant Wok Chi in this transaction and landlord Solil Management was represented in-house by Brett Weinblatt.
Adam Weinblatt at NGKF commented. “The determining factor was the dense mix of office and residential surrounding the property. It was our number one choice and I’m glad we were able to secure it for Wok Chi’s first entry into New York City.”
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF’s 12,000 professionals operate from more than 330 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.