Corem signs restaurant lease in New York

Corem has signed a lease contract for 734 sq.m. of restaurant space at the project property 1245 Broadway in New York with the tenant JKS Restaurants. The tenant operates internationally with around thirty restaurant concepts, including a number of restaurants that have been awarded Michelin stars. JKS Restaurants will move in during 2025 and the lease term is fifteen years.

1245 Broadway is a 23-story office building located at the corner of 31st Street and Broadway in Manhattan. The project is Corem’s largest ongoing project and is being developed in collaboration with GDS Development Management (GDSNY). 1245 Broadway was designed by Skidmore, Owings & Merrill and features architectural cast-in-place concrete, a private lounge, F&B catering to tenant floors, and panoramic views of Manhattan. The building is LEED Gold certified and offers spaces with the latest technology in air quality and touchless systems.
 

“We are very pleased to announce this lease with JKS Restaurants at 1245 Broadway. JKS is a well-established and highly appreciated business that operates within the premium range of restaurants around the world.  They will contribute in an excellent way to the high level of service we offer our tenants at 1245 Broadway,” said Rutger Arnhult, Corem’s CEO.

With the signing of the JKS Restaurants lease, 57 percent of the leasable area of the project 1245 Broadway is now leased. Corem’s total annual contract value for all signed lease contracts in the USA amounts to around 15 million USD.

Corem Property Group AB (publ)


FOR FURTHER INFORMATION, PLEASE CONTACT
Rutger Arnhult, CEO, +46 70 458 24 70, rutger.arnhult@corem.se
Eva Landén, Deputy CEO, +46 10 482 76 50, eva.landen@corem.se

Corem Property Group AB (publ)
Address: P.O. Box 56085, SE-102 17 Stockholm
Visitors: Riddargatan 13 C
Reg.no: 556463-9440
www.corem.se

This press release is in all respects a translation of the Swedish original press release. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail.

Corem Property Group is a real estate company that in a sustainable way owns, manages and develops commercial properties in urban and growth areas. Corem Property Group is listed on Nasdaq Stockholm, Large Cap.