Newmark Retail Secures 2,200-SF Outpost on Wall Street for a Leading Fast Casual Concept

March 21, 2024 9:00 AM

Newmark Retail announces it has secured a new 2,200-square-foot outpost for fast-casual, Middle Eastern-inspired restaurant Naya at 75 Wall Street in the Financial District. Newmark Senior Managing Director Darrell Rubens facilitated the transaction on behalf of the landlord, The Hakimian Organization, a New York City-based real estate owner, developer and management firm.

“Naya’s attraction to this premier property at 75 Wall Street was due to its prime location near the neighborhood’s extensive amenities,” said Rubens. “The tenant also recognized the proven success of neighboring Sweetgreen, Joe & The Juice, La Colombe and Cava, making this location an ideal fit.”

Naya is a quick-serve offshoot of the original fine dining restaurant Naya Mezze & Grill, which serves authentic, fresh, nutritious Middle Eastern meals. The contemporary eatery was founded in 2008 by Hady Kfoury and quickly expanded to become a recognized, differentiated brand in New York City. The tenant secured a long-term lease to occupy the entirety of the ground floor retail space.

Situated at the corner of Water and Pearl Streets, 75 Wall Street features 120 feet of frontage wrapping around Wall, Water and Beaver Streets and 18-foot ceilings, which permit ample outdoor seating and a flood of natural light. The base of this 42-story mixed-used tower, the former home of Cafe Arte, offers direct access to 253 hotel rooms and 350 residential units. Nearby transportation includes the 2/3 and 45 Subway lines at Wall Street Station, the J/Z subway line at Broad Street, and the R/W/1 subway lines at Whitehall Street, and ferry service at Pier 11 Landing, all within a quarter of a mile.

RIPCO Real Estate’s Jon Paul Pirraglia represented the tenant.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2023, Newmark generated revenues of approximately $2.5 billion. Newmark’s company-owned offices, together with its business partners, operated from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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