Commercial Real Estate & Advisory

Second Bagel Venture In Store

By Elizabeth Butler Cordova | March 10, 2008

312 PressA dozen years after he introduced Murray’s Bagels to New York, Adam Pomerantz is launching Leo’s Bagels. He recently signed a 10-year lease for 950 square feet at 3 HANOVER SQ., a co-op at Stone and Pearl streets.
Asking rent was $75 a square foot.

Leo’s will be Mr. Pomerantz’ first solo venture, as his family co-owns Murray’s. Like Murray’s, Leo’s will sell hand-rolled bagels, smoked fish and cheese spreads.

“It’s a traditional Jewish appetizing and bagel store,” said STEVE RAPPAPORT, the Sinvin Realty broker who negotiated the deal for Mr. Pomerantz. “He’s going to feed the hungry Wall Street hordes.”

The location, slated to open by May 1, will be the first of several.

Jonathan Greenspan represented the co-op ownership, 3 Hanover Owners Corp.