X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Great Neck, NY-based Mondrian Pastry will open its first Manhattan store in a 4,000-sf space located across the street from Bloomingdale’s at 1026 Third Ave.

Insignia/ESG’s Retail Group represented building owner 1026 Third LLC and the tenant in the 15-year deal, which is valued at roughly $5.6 million. Loren Baron represented Mondrian, while Brad Mendelson and David Green acted for the owner.

According to Baron, upscale baker Mondrian chose the space for Midtown location in hopes of building a corporate event business in addition to walk-in custom. “Mondrian had been looking for some time for the ideal location,” Baron says. “And 1026 Third Ave. offers both the space and identity they required.”

The Third Avenue store, which is expected to open by April 2003, is roughly twice the size of Mondrian’s Great Neck location.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.