May 23, 2013

Industry News | July 12, 2012

Teavana Breaks Ground on First Manhattan Location

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Teavana, Beverage, Growth, Expansion

As the exclusive retail leasing representative in New York City for Teavana, RKF secured the Atlanta-based premium loose-leaf teas and teaware retailer’s first Manhattan location at 1291 Lexington Ave., located between 86th and 87th Streets.

RKF Executive Vice President Ariel Schuster, Senior Director Greg Covey, and Associate Justin Fantasia arranged the retail lease on behalf of Teavana, while Director Jackie Totolo, also of RKF, represented ownership, The MP 1291 Trust.

“Teavana was looking to break into the Manhattan market, and simultaneously open its first street location after concentrating its North American expansion in the country’s top malls,” Schuster says. “1291 Lexington Ave. offered an ideal retail space for the brand to make its mark, with 41 feet of frontage in a highly trafficked location, near a major subway stop and Upper East Side cross-section. Teavana also recognized the opportunity to access the large number of shoppers that are visiting neighborhood co-tenants such as Brookstone, Best Buy, Staples, and Starbucks each day.”