Pantries Takes 5,125 Square Feet on Ground Floor and in Building Arcade
NEW YORK CITY, NY – September 27, 2011 – (RealEstateRama) — Tenants of W&H Properties’ One Grand Central Place and Grand Central Terminal commuters will soon enjoy another amenity – the restaurant/café Pantries, announces Anthony E. Malkin, president of Malkin Holdings LLC, which supervises W&H Properties.
Pantries, which will occupy 5,125 square feet on the ground floor and building arcade, will be designed by award-winning architect Ji Rook Kim of Unspace. Entry will be through One Grand Central Place’s distinctive marble lobby.
“Pantries will be a complementary neighbor to Pera, the Mediterranean brasserie in the building,” says Mr. Malkin. “Pera is available for more formal meals or drinks, while Pantries will provide less formal breakfasts and lunches, or take-out. It’s a very convenient arrangement for our tenants and neighborhood workers.”
The owners of Pantries operate several other similar venues, including Café 101 at 101 Park Avenue.
Harvey Shaw of Prudential Douglas Elliman represented Pantries in the lease negotiations. Amira Yunis, executive vice president and principal of Newmark Knight Frank’s National Retail Group, along with her colleague, managing director Jared Lack, represented the landlord.
Rising 55 stories directly opposite Grand Central Terminal, One Grand Central Place provides a white-glove corporate environment with unparalleled convenience. It offers direct in-building access to Grand Central Terminal, including Metro North and the 4, 5, 6, 7 and Times Square shuttle subway lines, and unsurpassed on-site services and amenities, including a visitor center, messenger center, multi-media conference center and law library.
The state-of-the-art property has undergone $85 million of upgrades to its windows, elevators, air-conditioned public corridors and restrooms, and building-wide systems, including electrical, plumbing, HVAC and security.
Part of the W&H Properties’ Pre-War Trophy office portfolio, One Grand Central Place is supervised by Malkin Holdings LLC, one of New York City’s most financially stable ownerships. W&H Properties is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste and recycling and indoor environmental quality initiatives.
Available office space at the property ranges from W&H portfolio standard high-end pre-built suites from 2,500 to 5,000 square feet, to a white-boxed full floor of 48,000 square feet.
Broker commissions are paid in full at lease signing.
About W&H Properties
One Grand Central Place is supervised by Malkin Holdings LLC one of New York City’s most financially stable ownerships.
