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New York & Tri-State  + Midtown New York  + Hospitality  |  August 31, 2021
Ariel Schuster Newmark Retail
Paul Bubny
By: Paul Bubny

P.F. Chang’s Adds Fifth Manhattan Location for Off-Premise Dining

Newmark Retail arranged a 2,230-square-foot lease at 885 Eighth Ave. for the newest P.F. Chang’s To Go. This marks the fifth such lease in the city in the past 18 months as P.F. Chang’s expands its off-premise dining  concept throughout the country.  

Vice chairman Ariel Schuster and associate director Mitch Heifetz represented P.F. Chang’s in this transaction and are helping the brand expand nationally, including seven recent transactions in Florida and one in Glendale, CO, with several more in progress. The new restaurant will allow more guests to experience the P.F. Chang’s brand via online ordering, takeout, catering and delivery using DeliverSafe eco-friendly packaging. 

“Off-premise dining for notable food purveyors had been a growing category pre-pandemic; however, since last March, this asset class has only accelerated due to demand from many folks as the shelter-in-place restrictions were implemented,” said Schuster.  

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Inside The Story

Newmark’s SchusterNewmark’s Heiftez

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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