Shake Shack Signs Lease In New York City's Herald Square

Shake Shack will close the gap between its flagship in the Madison Square Park and the Theater District Shake Shack near Times Square with an upcoming space at 1333 Broadway in Herald Square, reports Real Estate Weekly.

The building, owned by Empire State Realty Trust (ESRT) is also newly home to the world's largest Urban Outfitters store. Shake Shack's lease is for 3,265 square feet of space, leaving another 2,737 square feet of retail space still up for grabs.

"Enhancing the streetscape and extending the shopping district between Times Square and 34th Street/Herald Square was always part of our original repositioning plan," announced Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT.

"It is logical that major retailers, along with restaurants and other fresh food operators, are attracted to Times Square South to support the influx of high quality office tenants and their thousands of hungry employees."

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Karen Lo is an associate editor at The Daily Meal. Follow her on Twitter @appleplexy.