The asset involved is a retail property located at 7 Pennsylvania Plaza in the Manhattan market, encompassing a total of 1,500 square feet. The lease arrangement is for a flagship location of PopUp Bagels, which is set to open in April 2025.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 7 Pennsylvania Plaza
• Market: Manhattan
• Size: 1,500 SF
• Landlord: Jeffrey J. Feil - Feil Organization
• Tenant: Adam Goldberg - PopUp Bagels
• Landlord's Representative: Andrew Wiener, Jordan Goldblum & Randall Briskin - The Feil Organization
• Tenant's Representative: Brian Rovell - BGR Ventures

This leasing agreement signifies an expansion for PopUp Bagels, which is adding four new locations throughout New York City. In addition to the flagship at 7 Penn Plaza, the chain has also secured leasing agreements in Williamsburg, Tribeca, and Midtown, raising its total to seven locations across the city.