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Cyril Lignac Signs Lease For Bar Des Pres At 345 Park Avenue With Rudin Management Company
LEASED
New York
See Similar DealsRetail22,000 SF
Leased 04/05/2026
LEASED
Cyril Lignac Signs Lease For Bar Des Pres At 345 Park Avenue With Rudin Management Company
345 Park Avenue
See Similar DealsRetail22,000 SF
Leased 04/05/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:22,000 SF
Transaction Type:Lease
The property involved in this transaction is located at 345 Park Avenue, Manhattan. It is a retail asset with a total area of 22,000 square feet, specifically situated on the ground floor. This property is set to debut in 2027.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 345 Park Avenue
- Market: Manhattan
- Landlord: Michael Rudin & Samantha Rudin Earls - Rudin Management Company
- Tenant: Cyril Lignac
This transaction involves Michelin-starred French chef Cyril Lignac, who is opening his first New York outpost, Bar des Pres, within this retail space. The deal illustrates a significant addition to the culinary landscape of Manhattan as it will include two other concepts in the same location.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,261,026.72
Total Lease Value
$12,610,267.24
Net Landlord Cash Flow$1,261,026.72
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