Beverages

Teavana Plans First Manhattan Store

Jul 12, 2012
   

 Atlanta-based tea retailer has 269 stores

 Teavana, the Atlanta-based premium loose-leaf teas and teaware retailer, will open its first Manhattan location at 1291 Lexington Ave., located between 86th and 87th Streets next month.

 

Retail leasing representative RKF arranged the lease.

 

EVP Ariel Schuster, Senior Director Greg Covey and Associate Justin Fantasia arranged the retail lease on behalf of the specialty retailer, while Director Jackie Totolo, also of RKF, represented ownership, The MP 1291 Trust.

 

Teavana was looking to break into the Manhattan market, and simultaneously open its first street location after concentrating its North American expansion in the country’s top malls,” said Ariel Schuster, RKF’s  executive vice president. “1291 Lexington Avenue offered an ideal retail space for the brand to make its mark, with 41 feet of frontage in a highly trafficked location, near a major subway stop and Upper East Side cross-section. Teavana also recognized the opportunity to access the large number of shoppers that are visiting neighborhood co-tenants such as Brookstone, Best Buy, Staples and Starbucks each day.”

 

Established in 1997, Teavana offers more than 100 varieties of premium loose-leaf teas, teawares and other tea-related merchandise through its website and in over 269 company-owned stores in the U.S. and Canada.