Partner Ronald B. Kremnitzer, co-chair of Pryor Cashman's Real Estate Group, represented the Lenny’s Group in the lease of its 15th Lenny’s Deli location in Manhattan, a 1,500 square foot storefront location in the Chrysler Building on 43rd Street between Lexington and Third Avenue, near Grand Central Terminal. The location officially opened this April.

Lenny’s, a beloved New York deli specializing in offering customers “the ultimate sandwich,” sells over 2 million sandwiches a year and now has 15 locations throughout Manhattan, including a recently signed lease for the 4,300-square-feet ground level and 4,000-square-feet lower level spaces at 10 Hanover Square, with an additional location scheduled to open later this year on Park Place.

The July 3, 2013 Real Estate Weekly article "Lenny's leases biggest location yet" discusses the 10 Hanover Square lease signing. To read the article, please click here.

Lenny’s was founded by Chairman and Chief Executive Officer Sei Hoon Lenny Chu, a Korean immigrant and former deli counterman who in 1989 seized the opportunity to buy an Upper West Side deli and turned it into the first Lenny’s location at 84th Street & Columbus Avenue. Lenny’s focuses on creating specialty sandwiches made fresh to order and is now a thriving enterprise with over $40 million in annual sales. Their most popular specialty sandwiches include the famous "Jimmy T" (#5), the "Thanksgiving Special" (H1) and "Lenny's Combo" (#1).

Kremnitzer has a long-standing relationship with Lenny’s and has represented the company since 1993, when he negotiated the lease on the second Lenny’s location on the Upper West Side. Kremnitzer originally met Chu when he was a regular at the original Lenny’s location. On behalf of Pryor Cashman, Kremnitzer has represented Lenny’s in each of its store leases as it has expanded throughout Manhattan.

For Kremnitzer, the Lenny’s transaction is one in a long string of deals in the restaurant space. He most recently represented Major Food Group in the lease of the highly anticipated ZZ's Clam Bar at 169 Thompson Street and Carbone at 181 Thompson Street, two restaurants complementing Parm, Parm at Yankee Stadium and Torrisi, already in the group’s portfolio.  

“One of the city’s most dynamic deal-making attorneys,” as noted by Real Estate Weekly, Kremnitzer has been representing landlords and tenants, as well as buyers and sellers in transactions of commercial office buildings, hotels, residential multi-family buildings, shopping centers, and vacant land for the last 30 years. In fact, he represented a group which acquired over 800 New York City properties, including 100 Manhattan multi-family properties in a single day.