Rose Associates Leases to Flip Flop Shops and Just Salad at University Walk
Posted On April 23, 2013
Rose Associates announced today that it has leased 2,362 square feet of retail space at 53 East Eighth Street to Just Salad and 875 square feet of space at 61 East 8th Street to Flip Flop Shops. The leases bring the 60,000-square-foot retail complex known as University Walk to 100 percent occupancy.
Bruce Spiegel, senior managing director for Rose, and William Bergman, commercial leasing manager for Rose, represented the property owner in the transactions. Matt Gorman and Josh Gettler of NewStreet Realty Advisors represented Just Salad, which signed a 12-year lease. Flip Flop Shops was represented by Aaron Cukier and Jason Pruger of Newmark Grubb Knight Frank Retail, and their lease term is five years.
“University Walk is a very well trafficked portion of Eighth Street between University Place and Broadway in Manhattan’s East Village,” said Bruce Spiegel, senior managing director at Rose. “Flip Flop Shops and Just Salad join a number of popular and established retailers here, Knickerbocker Bar & Grill, Chipotle, Liberty Travel, Staples, and Aerosoles among them.”
Rose has handled leasing at University Walk for more than a decade. The retailers enjoy great proximity to New York University along with foot traffic from local office professionals and residents of the Village. Rose is currently marketing a 700-square-foot store at nearby Georgetown Plaza, an Eighth Street location that abuts a ‘wichcraft and is just steps from the N/R subway entrance.
About Rose Associates, Inc.
Based in New York, Rose Associates is a developer, owner and operator of premium residential properties. From planning a new development to managing day-to-day property operations, the Rose 360 Platform offers a full range of services designed to maximize the value of real estate. The firm oversees more than 26,000 units across New York, with approximately $2 billion in projects under development. Rose recently opened the historic skyscraper 70 Pine Street, which the firm is transforming into a luxury rental property with 644 residential units, 132 extend-stay apartments and a destination restaurant/lounge occupying the top four floors.