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Williams Equities Signs Mangia to Long-Term Restaurant Lease at 57 West 57th Street

 

Williams Equities announces that it signed an iconic gourmet Italian eatery Mangia to a long-term, 9,500-square-foot restaurant lease at 57 West 57th Street.

 

At the northeast corner of 57th Street and Avenue of the Americas, Mangia will occupy almost 3,000 sf of ground floor space, housing a barista station, Italian bakery, brick pizza oven, and other food services. The lower level, consisting of more than 6,000 sf, will be home to their catering facility.

Relocating from across 57th Street where it has been in operation since its launch in 1981, Mangia is scheduled to open at 57 West 57th Street, also known as 1400 Avenue of Americas, Q2 2023. With four prime locations, Mangia is one of New York City’s most desirable Italian eateries, famous for its farm-to-table gourmet artisan Italian cuisine.

Michael Cohen, Principal with Williams Equities noted ".....Mangia is a perfect compliment .....and will be a great amenity for the tenants in our building."

 

Zach Nathan, David Green, and Brad Mendelson of Colliers International, represented ownership in the transaction. Adam Henick and Jennifer Bernstein, of Current Real Estate Advisors, represented the tenant.

Michael Joseph, of Colliers International, represented ownership in all of the office transactions.

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About Williams Equities

As Williams Equities approaches its century mark, our third and fourth generation leadership remain true to the vision and principles established by its founders - creating consistent long-term value and growth for its investment partners and efficient, best-in-class work spaces for its tenants. As one of the most active vertically-integrated real estate firms in the country, Williams Equities provides a hands-on, full service platform to achieve this triptych of goals. As a result, we are ideal operating partners for a breadth of real estate investors including publicly-traded funds, life companies, financial institutions, pension funds, and family offices.


Related Experts

Michael Cohen

President Tri-State region

New York

AREA OF EXPERTISE
Mr. Cohen is President of Colliers' Tri-State Region. When the firm operated as GVA Williams  Real Estate, Mr. Cohen was the third generation of his family to head the firm, which was founded in 1926. 

An expert Real Estate Advisor, Mr. Cohen represents a wide range of clients including: Wells Fargo Advisors, American Lawyer Media, Signature Bank and Marks Paneth/CBIZ. He also has extensive experience representing tenants in the legal idustry, including such firms as Moses & Singer, Holland & Knight, Thompson Hine and Smith Gambrell.

Mr. Cohen is also an asset manager of several New York City office buildings including 57 West 57th Street and 28 & 40 West 23rd Street. In this capacity, his responsibilities include overseeing leasing, management and repositioning of the properties. 

Mr. Cohen has been ranked as one of New York City's Top 20 Brokers by Real Deal. He has also been ranked as one of Commercial Observer's Power 100 Nationwide. 

 

COMMUNITY INVOLVEMENT

Mr. Cohen serves as Chairman of the Board of the business improvement district known as the Flatiron Nomad Partnership. He serves on the Boards of:  The Roundabout Theatre Company; The Jewish National Fund of Greater NY and YPO Gold Big Apple. He is also a past Chairman of the Board of Housing & Services, Inc., and past  President of Young Presidents' Organization of New York Metro Chapter. Mr. Cohen is also a Tony Award winning producer of "A Gentleman's Guide to Love and Murder". He is a graduate of the University of Pennsylvania. 

 

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Michael Joseph

Vice Chairman

New York

AREA OF EXPERTISE
Mr. Joseph joined the firm in 1987 when it operated as Williams Real Estate. With more than 31 years of experience, his primary responsibilities include representation of both landlords and tenants in the acquisition and disposition of space. Mr. Joseph has extensive experience working with Fortune 500 companies and a wide array of entrepreneurial service-oriented firms.  Mr. Joseph has been the recipient of the Pinnacle Club & Everest Award of Colliers, which recognizes its top ten percent producers on an annual basis for the past fifteen (15) years.

Mr. Joseph has been a pioneer in transforming the Midtown South Market for the past 30 years.  He has handled over 30 office properties in that market encompassing over 5 million square feet as Landlord's agent. He pioneered the expansion into the West Chelsea Market in leasing one of the first office space users in both the Chelsea Market Building in 1997 and the Starrett-Lehigh Building in 1998, which are now the respective headquarters of several Fortune 500 Companies.  Some of his more prominent clients include J2 Technology, Guardian Media Group, Mattel, Inc., Time Warner, Liz Claiborne, Mettel, Capelli, NY. and ACE Hotel Group.  He has handled national exclusives for several multi-market users and has done in excess of half million square feet of transactions across the U.S. and Canada.
 
Mr. Joseph has also been active in the building sales market and has been involved in the sale of several properties during his career, encompassing close to one million square feet. Again, with a focus on Midtown South, Mr. Joseph brokered the sale of 183 Madison Avenue - (280,000 square foot tower); 44 West 28th Street - (200,000 square foot tower) as well as 32 West 39th Street, 49 West 38th Street, and 156 William Street, to name a few.  The combined value of these properties totaled well over a quarter billion dollars.


COMMUNITY INVOLVEMENT
Mr. Joseph is a member of the Real Estate Board of New York (REBNY) and the Secondary Office & Loft Committee. He is member of several charitable organizations including The Boys and Girls Club, Fox Lane Booster Club and Northern Westchester Hospital.

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Zachary Nathan

Managing Director

New York

Zach Nathan is a Director in Colliers International’s New York Retail Group. He markets available retail space for both owners and developers and represents local, regional, and international brands searching for flagship and strategically positioned retail locations in New York City. He joined Colliers in August 2017.

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David Green

Vice Chairman

New York

David A. Green, Vice Chairman, co-leads Colliers International’s New York Retail group. He focuses on the marketing and leasing of retail space for property owners, as well as strategic planning, market analysis, and space acquisition for retail tenants in the Tri-State Region. Mr. Green is also charged with growing Colliers’ Retail practice in New York City and the surrounding region through relationship-building, talent recruitment, and expanded activity. He joined Colliers in 2016.

Over his 30-year real estate career, Mr. Green has represented many high-profile tenants and prominent owners in several of New York’s most outstanding retail transactions. Select landlords for whom he has acted as agent include Boston Properties (New York City retail portfolio including The General Motors Building at 767 Fifth Avenue); 650 Fifth Avenue Company (retail master lessor of 650 Fifth Avenue); J.D. Carlisle (Kips Bay Plaza and 160 Madison Avenue); Bow-Tie Partners (1530 Broadway); the Port Authority of New York & New Jersey (Port Authority Bus Terminal); Status Capital (2 Herald Square); and The Carlyle Group and Crown Acquisitions (666 Fifth Avenue). Recent high-profile accomplishments include leases to Under Armour at The General Motors Building and Gap and Old Navy at 1530 Broadway; a long-term master lease of the retail space at 650 Fifth Avenue to an entity formed by SL Green and Jeff Sutton; and the leasing of the retail condominium at 666 Fifth Avenue to Hollister and Uniqlo.

Mr. Green’s tenant representation clients include Charles Schwab, De Beers, Garrett Popcorn, JPMorgan Chase, Swatch, Mango, Nintendo and Umami Burger.

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Brad Mendelson

Vice Chairman

New York

C. Bradley Mendelson is a vice chairman in Colliers International’s New York Retail group. His focus is threefold: help retail tenants develop and execute strategic real estate plans in the Tri-State market, represent owners in the marketing and leasing of retail space, and, as co-leader of the Retail team, grow the firm’s resources and expertise in that industry across the region.

Mr. Mendelson is a knowledgeable and accomplished retail real estate professional, having acted on behalf of many prominent owners and high-profile tenants in the past. He recently leased approximately 125,000 square feet to Hollister, Uniqlo and Swatch at the retail condominium at 666 Fifth Avenue, which also contains a World of Zara flagship store. In addition, he previously represented ownership in the lease for Toys “R” Us’ famous Times Square store, as well as Footlocker and Swatch locations, at 1530 Broadway. Sixteen years later, he leased 75,000 square feet to Gap and Old Navy in the same building.

His owner clients include Amtrak, The Blackstone Group, Boston Properties, Bow-Tie Partners, The Carlyle Group, Crown Acquisitions, Cohen Brothers Realty, Hammerson Properties, J.D. Carlisle Development Corporation, Lendlease, MetLife, Metropolitan Partners, Paramount Group, Kushner Companies, The New 42nd Street, Orda Management, Reckson, Solow Management, Starwood Hotels and Resorts, Tishman Speyer Properties, The Trump Organization, and The Witkoff Group.

Mr. Mendelson’s ongoing relationship with Emerisque Partners is a highlight of his tenant representation experience. Among other tasks, he was retained to evaluate the company’s national real estate holdings and assist in the strategic acquisition, disposition and restructuring of its entire real estate portfolio. Other prominent tenant clients include Balducci’s, Bally Total Fitness, Bath and Body Works, Café Concepts/Fireman Hospitality Group, Calvin Klein, Charles Schwab, China Grill Management, Dreyfus Financial Services, Earl of Sandwich, Ecko, Kids City, The Limited Express, Planet Hollywood, Sony USA Inc., and Structure.

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