Dongbei Chinese Restaurant Expands with New Location at 63 Cooper Square
Dongbei Chinese Restaurant & Bar is expanding its footprint in New York City with the announcement of its fourth location. This new establishment will be situated at 63 Cooper Square, adding to the growing Northern Chinese dining concept's portfolio, which now includes five locations overall.
The restaurant has secured a 2,000-square-foot lease in a property owned by Matthew Rettner, as reported by the landlord broker, Meridian Capital Group. The asking rent for this prime East Village space was set at $21,600 per month, with the tenant committing to a 15-year lease. This midblock site is part of a small commercial area on the ground floor of a residential building located along Third Avenue, nestled between St. Marks Place and East Seventh Street.
Daniel Zacaim from Meridian Capital Group expressed confidence in Dongbei's operational history, stating, "Cooper Square doesn’t have a ton of turnover, so when a turnkey restaurant space becomes available there, we want a tenant who can hit the ground running. Dongbei’s operating history made this an easy recommendation to the landlord, and I think this location is going to perform very well for them."
The negotiation process was facilitated by a team of brokers, including Zacaim, Noam Aziz, and Carson Shahrabani representing the landlord, while David Green and Benjamin Namdar from KSR negotiated on behalf of Dongbei. Shahrabani noted the impressive growth of Dongbei, highlighting that the establishment now boasts four locations in Manhattan and is planning an expansion into New Jersey. "That kind of momentum makes landlords comfortable, and it made this negotiation move quickly and smoothly on both sides," he remarked.
Currently, Dongbei operates in three Manhattan locations: 953 Columbus Avenue on the Upper West Side, 367 West 36th Street in Midtown, and 17 Ann Street in the Financial District, alongside a location in Downtown Jersey City. This consistent expansion reflects the restaurant's popularity and the demand for Northern Chinese cuisine in the bustling New York dining scene.
