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Category ArchiveWalker Malloy & Company

Martial Arts Academy Takes Space at Park & Tilford Building on UWS

Renzo Gracie Martial Arts Academy has taken space for a new facility on the lower level at the Park & Tilford Building on the Upper West Side, Commercial Observer has learned.

The company, which specializes in Brazilian Jiu Jitsu and Muay Thai, signed a deal for 5,000 square feet at 246 Columbus Avenue between West 71st and West 72nd Streets. The lease is for seven years and the asking rent was $55 per square foot, according to Rafe Evans of Walker Malloy & Company, who represented the property owner 100 West 72nd Street Associates, LLC in the deal.

Renzo Gracie’s new space had been storage for a basement nightclub for decades and “required extensive fit-up to make it usable, including two new elevators and digging out the floor to increase ceiling clearance,” Evans said. Those clubs included Baja, Columbus72, Flipside and Cream.

Renzo Gracie, which has schools in Midtown, Brooklyn and Middletown, N.J., will be moving into the Upper West Side digs imminently, Evans said.

Independent real estate broker Harry Delany represented the tenant in the deal. He declined to comment.

The Park & Tilford building is an 1892 Renaissance Revival-style building designed by McKim, Mead & White as a retail emporium, and was converted into a mixed-use co-op in the 1970s. Retail tenants include Swatch, Olive & Bette’s, Z’Baby Company and Jeffrey Stein Salon.

Source: commercial

Viand Café Opening Second UWS Eatery

Upper West Side local favorite Viand Café is opening a second location in the neighborhood, in what was the decades-old home of Jackson Hole, Commercial Observer has learned.

Viand Café has leased 1,856 square feet on the ground floor of 517 Columbus Avenue at West 85th Street via a 15-year deal, according to Eastern Consolidated, plus the 490-square-foot basement. The asking rent was $35,000 per month, and the diner is slated to be open by the middle of August. Jackson Hole was in the location for 42 years before shuttering last June.

Viand Café has been a neighborhood mainstay at the Hotel Beacon at 2130 Broadway between West 74th and West 75th Street for over 15 years.

“Viand Café has a tremendous following, which we discovered after learning that the owner of 517 Columbus Avenue had been a regular at the diner every week for years,” said Harris Bulow of Eastern in a statement. He represented Viand Café in the deal along with colleague Ben Biberaj.

The owner of Viand Café has also operated the Viand Coffee Shop at 673 Madison Avenue between East 61st and East 62nd Streets for over 40 years. But the owner is one Viand down. Falling on hard times, Viand Café at 1013 Madison Avenue at East 78th Street closed in April 2015 after nearly 50 years in business.

Rafe Evans and Eric Fisher of Walker, Malloy & Company represented the landlord, Shared Equities, in the 517 Columbus Avenue deal.

“It’s one of the few deals in recent months that’s been easy to make because the landlord has been a customer of Viand for years!” Evans said.

Source: commercial