New York & Tri-State + Downtown New York + Hospitality | July 25, 2022

Newmark Arranges First NYC Location for P.F. Chang’s Bistro

Newmark Retail completed a 7,319–square-foot lease for the first New York location of P.F. Chang’s Bistro at 113 University Pl. in Union Square. Vice chairman Ariel Schuster and director Mitch Heifetz represented the restaurant in the transaction. The asset owner, Amalithone Realty Corp, was represented by Newmark director Michael Paster.

“The recovery of the restaurant sector is in full force,” said Schuster. “It is encouraging to see the continuing growth of locally-based restaurant concepts and those new to the market.”

The Union Square restaurant will be P.F. Chang’s fourth flagship location and will occupy the ground, mezzanine and lower-level retail space at 113 University Pl.

“We’re looking forward to seeing PF Chang’s join the diverse offerings in a vibrant neighborhood like Union Square,” said Heifetz. “New York City has once again become a top destination for restaurateurs looking to expand their brand.”

Photo by David Shankbone/Wikpedia.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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