Cushman & Wakefield announced today that it represented EXKi, the Belgian Group of healthy fast casual restaurants serving fresh and natural foods, in a long-term lease at 257 Park Avenue South for its first U.S. restaurant. The chain anticipates a first quarter 2014 grand opening.
EXKi, a fast-casual restaurant that offers an appealing solution for busy, health-conscious consumers that combines speed with high quality, will occupy approximately 1,500 square feet on the ground floor and basement.
Cushman & Wakefield’s retail brokerage professionals, Steven Soutendijk, Senior Director in the firm’s world headquarters office in Midtown Manhattan, and Nicolas Beausillon, Partner in the firm’s Brussels office, collaborated in representing EXKi in the transaction. Randall Briskin of Jeffrey Management Corp. represented the landlord.
“We are thrilled to have assisted EXKi in their first Manhattan store,” said Soutendijk. “Their focus on quality ingredients is sure to resonate with New Yorkers, and we expect it to be a huge success. This location, with incredible footfall from both office workers and local residents, will serve as an ideal jumping off point for this impressive brand in the U.S.”
This first restaurant, which will be located in Manhattan’s Flatiron District, will offer the clientele a wide range of fresh, healthy, natural and often vegetarian recipes. The vegetables will be sourced seasonally and locally from New York’s neighboring states whenever possible.
257 Park Avenue South, which is on the corner of 21st Street and Park Avenue South, is in a vibrant neighborhood with a mix of residential and office buildings. The building is located in Manhattan’s Midtown South submarket, which is the tightest office market in the nation and an area that continues to see an increase in total housing units, population growth and number of schools.
EXKi currently operates 70 restaurants in Belgium, France, Italy, Luxembourg and the Netherlands. Other openings in NY are planned for the end of 2014 and early 2015. The chain continues to expand in Europe, with three new openings in Paris and a second in The Hague in the Netherlands in the coming weeks.
The cross-border transaction, which originated with a referral from the firm’s Brussels office, highlights the success of Cushman & Wakefield’s global retail platform. With over 230 retail professionals in 56 offices that work together across the globe, C&W provides retail real estate services for tenants, landlords, and investors worldwide.