JLL, in partnership with Columbia University, is pleased to announce that four new retail tenants are coming to the Morningside Heights neighborhood of the Upper West Side in the fall of this year.
Blue Bottle Coffee, Dos Toros, Loco Coco, and Hex & Company have all signed long-term leases on Broadway between 113th and 114th Streets at 2901-2913 Broadway, at the base of a residential building owned by Columbia. Blue Bottle Coffee signed for 1,711 square feet, Hex & Company with 4,322 square feet, Loco Coco signed 487 square feet, and Dos Toros signed for 669 square feet. The leases are representative of a strategic initiative by Columbia to add retailers and uses in the area that will most benefit students, faculty and residents.
Blue Bottle Coffee is a national coffee roaster/retailer operating in select cities in the US and Asia; Dos Toros is a NY-based Mexican eatery; Loco Coco is a NY-based vegan superfood smoothie provider; and Hex & Company is a NY-based board game café.
JLL’s commercial real estate team of Amy Zhen, Davie Berke, and Patrick A. Smith negotiated the transactions together with Columbia’s real estate team of Shari Colburn, Vice President of Real Estate; Anne Lubell, Assistant Vice President, and Aaron Weaver, Real Estate Associate. The retailers were represented by Marc Frankel of Newmark Knight Frank Retail (Blue Bottle), Mark Tedeschi and Adam Langer of SRS Real Estate (Dos Toros), and Daniyel Cohen of Winick Realty Group (Loco Coco). JLL represented both the landlord and tenant in the transaction with Hex & Company.
“These specialty retailers are an ideal fit for the community,” said JLL’s Davie Berke. “Columbia’s campus on the Upper West Side extends well beyond its classrooms and academic buildings, and these retailers will be popular destinations for everyone connected to the university as well as for local residents.”
“We are very excited to welcome this diverse group of tenants to the neighborhood,” said Colburn. “The transactions are part of a dedicated strategy to further enhance the neighborhood, improve the streetscape, and expand the retail offerings surrounding our campus.”
All four of the stores are expected to open by the end of the year.JLL is currently marketing six additional availabilities located at 2909 Broadway, 2913 Broadway, 2878 Broadway, 2872 Broadway, 2868 Broadway and 2700 Broadwayin partnership with Columbia’s real estate team. The available retail spaces are located between 103rd Street and 114th Street.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2017, the New York tri-state team completed approximately 40.9 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $1.6 billion; managed projects valued at $7.9 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 147.8 million square feet.
About Columbia University
Columbia University is one of the world’s most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. The University recognizes the important of its location in New York City and seeks to link its research and teaching to the vast resources of a great metropolis. It seeks to attract a diverse and international faculty and student body, to support research and teaching on global issues, and to create academic relationships with many countries and regions. It expects all areas of the University to advance knowledge and learning at the highest level and to convey the products of its efforts to the world.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com