Commercial Real Estate & Advisory
Commercial Real Estate & Advisory
EN, which created and operates more than 20 restaurants in Japan, will take a bite of the Big Apple for its first foray on US soil, agreeing to lease a 5,500 square foot storefront at 435 Hudson Street, reports Michelle Stone, managing director of Sinvin Realty Corp., who represented the tenant in the transaction.
“The EN restaurant is perfectly situated on the corner of Leroy Street, close enough to the Hudson Square office crowd and near to Greenwich Village, where destination dining is popular,” explains Ms. Stone of Sinvin. She adds, “EN specializes in authentic, cooked Japanese food not offered by most US Japanese restaurants. It will have sushi and other raw fish offerings as well. “EN will be distinguished by its Japanese design,” says Ms Stone, who notes the restaurant will use the same interior designer who has created its restaurants in Japan. “The EN dining experience will provide an elegant middle ground between the very expensive Japanese restaurants here and those specializing in convenience. The space is also stunning, with 20-foot high ceilings, enormous industrial windows and corner exposures. They will also have private tatami rooms on the second level.”
The landlord, Trinity Real Estate, was represented by its director of commercial real estate leasing, Jason D. Pizer. “This transaction is another great example of the dynamic tenant base and varying types of retail companies drawn to the Hudson Square area”, stated Mr. Pizer. “The space, ownership and growing business and residential communities made 435 Hudson Street an ideal location to house what is sure to be a popular restaurant.”
The long-term lease had an asking rent of $50 per square foot.