Rosenthal sent a list of the New York City Crumbs locations to a few of her clients. “This provides an opportunity for some really great retailers to find good space that hasn’t been on the market and gives landlords an opportunity to upgrade their stores with better quality retail,” said broker Lisa Rosenthal of Lansco. Bailey of his eponymous firm said.īrokers with small food-oriented clients are interested in the vacancies, which range from around 300 square feet to 1,000 square feet. “Landlords will get on line to have any past due rent paid and will aggressively seek to obtain possession of their units which may take three to six months if a white knight does not come along and buy the asset and assume the lease obligations,” Mr. Real estate attorney Adam Leitman Bailey said it sounds like the company is heading to bankruptcy. The cupcake chain had dozens of shops with more than 12 in New York City alone including locations at 40 Broad Street, 43 West 42nd Street, 880 Third Avenue, 1418 Lexington Avenue and 350 Amsterdam Avenue. The first shop opened in March 2003 on the Upper West Side. Max Brenner has a restaurant and store at 841 Broadway at Ninth Street as well as locations in New Jersey, Boston, Philadelphia and Bethesda, Md., according to the company’s website.Ĭrumbs reportedly informed employees yesterday that it would be shuttering all of its stores, a week after its shares were delisted on the Nasdaq Stock Market. SEE ALSO: Union Electrician Trade Group Plans Training Center in Herald Square
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