Greiner-Maltz Serves Up Krispy Kreme Deal
Long Island City, NY, January 29, 2002 - Greiner-Maltz has announced that they have
completed a transaction between Lufthansa/Sky Chef and Krispy Kreme, NY for an 18-year lease valued at over $7 million.
In the largest bakery facility transaction in the Queens Market in over a decade, Krispy Kreme,
NY has taken over the former Lufhtansa/Sky Chef airport food commissary and has rebuilt it to its exacting specifications for the round-the-clock
production of doughnuts. "The building is situated in such a wonderful location we're looking to sublease part of it to another lucky company,"
stated Bill Menzel, Krispy Kreme, NY. "In fact, this transaction will have a significant impact on the borough of Queens for it is expected that
over 100 jobs will be created as a result of this expansion."
Lufhtansa/Sky Chef was able to both jettison a significant obligation while consolidating to
a more efficient airport based facility. "This is a perfect example of the terrific opportunities offered in the New York City market when the needs
are met for a strategic consolidation by finding an expansionary high-growth company." Says John Maltz, SIOR.
This win-win transaction was brokered by John Maltz, SIOR and Jack Isenberg of Greiner-Maltz
Company of New York, Inc., who represented the Lessor, Lufhtansa /Sky Chef and Steven Weissman of Winnick Realty Group who represented Krispy Kreme,
For more information on Greiner-Maltz or any other available properties in the metropolitan
area please call Alise Rabinowitz at 718-786-5050 or Email her at email@example.com
Since 1953 Greiner-Maltz has been engaged exclusively in the leasing, selling, appraising and managing of industrial, commercial, and investment property in Manhattan, Brooklyn, Queens, Long Island, New Jersey, Westchester, and Connecticut. The firms five offices are actively managed by Principals: John Maltz and Sharone Levy in Brooklyn and Queens; Swain Weiner, metro area investments; Tom Attivissimo in Long Island, Raymond Musalo in New Jersey, and Ayall Schanzer in Westchester. www.GreinerMaltz.com