Uncle Tetsu signed a seven-year lease for 1,000 square feet in Tribeca Associates’ 135 West 41st Street between Broadway and Avenue of the Americas, according to brokers on the deal. Asking rent was $250 per square foot and the bakery plans to open in the spring.
“Known for hours-long lines at its bakeries around the world, Uncle Tetsu is bound to be just as big of a hit with New Yorkers,” Peter Braus of Lee & Associates NYC, who represented the landlord in the deal, said in a statement. “This building is incredibly active right now, with Junzi Kitchen, a growing Chinese noodle eatery set to open directly adjacent to Uncle Tetsu in the first quarter of 2019.”
Braus brokered the deal along with colleagues Mark Kapnick, JP Sutro and Richard Kave while Hiroshi Nagata and Maki Yammoto of Sumitomo Real Estate handled it for Uncle Tetsu.