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Muss to acquire Upper East Side retail condo
New York — Muss Development LLC is acquiring a 5,000-sq.-ft. retail condominium located at the base of the Touraine Condominium at 865 Lexington Avenue on New York City’s Upper East Side. Immediately upon closing, Muss will enter into a long-term lease with Le Pain Quotidien for its 31st location in Manhattan.
Known for its organic bread and cakes, Le Pain Quotidien will take the ground-floor retail component.
In the sales transaction, Jones Lang LaSalle represented both Muss Development and the seller, Lex 65.
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Starbucks to expand evening alcohol sales; plans Oprah chai tea
Seattle – Starbucks reportedly plans to expand a pilot of an evening alcohol and “light bites” menu that includes wine to thousands of stores nationwide. According to Bloomberg, Starbucks executives said the evening food and drink offerings, currently provided in about 40 test stores, will be rolled out during the next several years.