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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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Supervalu streamlines ops, names new presidents
Supervalu reduced its organizational structure from three divisions to two and name Kevin Kemp president of the east region and Bill Chew president of the west region.
The company did not indicate what roles Kemp and Chew played in the organization previously, but did note that the east region will be headquartered in Mechanicsville, VA and the west region will be based in Hopkins, MN near the company’s Eden Prairie headquarters.
