Panda Express on prowl for more space

Date Published: 
Dec 2, 2015

CityVest Realty Corp. president Mark Stempel announced that Panda Express, a restaurant chain, has leased 1,8000 s/f retail space on the ground with a full basement at 835 Third Avenue at the corner of 51st Street.

"As New York City expansion a reality, we are thrilled to help them stake out territory in highly-trafficked Midtown Manhattan with this sprawling space," said Stempel, who represented the property owner.

Cory Zelnik, president of Zelnik & Company LLC, represented the tenant.

Privately owned Panda Express, a "fast casual" restaurant chain offering Chinese cuisine-inspired dishes, currently owns and operates over 1,800 locations around the world.

The chain is headquartered in Rosemead, California, and run by Andrew and Peggy Cherng.

The new Midtown location represents the continuation of plans for expansion in New York City.

Real Estate Weekly
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