Texas de Brazil Coming to The Savoy Shops

NEW YORK, April 10, 2013 /PRNewswire/ -- MPI, New York City based owners and operators of The Savoy Shops, is excited to bring Texas de Brazil to Third Avenue and 60^th Street in Manhattan. Texas de Brazil is an authentic Brazilian-American Churrascaria that combines the cuisine of Southern Brazil with the generous spirit of Texas. The grand opening is planned for late 2013.

"NYC's thriving culture of entertainment and dining is the perfect fit to bring Texas de Brazil's unique concept to the metropolitan area and beyond. We are extremely excited to become a part of the Lenox Hill neighborhood and cater to our NYC guests," stated Salah Izzedin, Chief Executive Officer at Texas de Brazil.

(Logo: http://photos.prnewswire.com/prnh/20120321/NY73886LOGO)

The flagship space features over two hundred sixty feet of glass frontage and 13,000 square feet of ground floor and second level dining space along with a small amount of storage and prep space in the basement.

"For over a year MPI has been repositioning The Savoy commercial space based on various flagship leasing scenarios. We are very pleased that Texas De Brazil shares our vision for the project," says Ryan Guheen, Senior Vice President at MPI. The Savoy Shops will be Texas De Brazil's first location in Manhattan. "The addition of Texas De Brazil continues MPI's tradition of bringing first to market flagship concepts to The Savoy Shops. We look forward to their success," says Guheen

With respect to the lease transaction, Texas de Brazil was represented by Isaac Chetrit and MPI was represented internally by Jonathan Greenberg, Director of Leasing at MPI.

Located directly across Third Avenue from Bloomingdale's midtown flagship store, The Savoy Shops boasts Dylan's Candy Bar's flagship location, Starbucks and a close proximity to CBD office, upscale retail / dining, luxury residential and transportation. The 59th Street Subway station (New York City's fifth busiest subway station) and the M15 express bus both stop directly in front of the building. The property is comprised of 52,317 square feet of commercial space on three floors of The Savoy, a 43-story luxury residential building, which was originally developed by MPI in 1986.

About MPI

MPI, Mall Properties Inc., is a privately owned real estate firm that has specialized in the development, acquisition and management of commercial real estate for more than 45 years. The close integration of investment and operating capabilities has given MPI a reputation as one of the leading private owners of commercial real estate in the country.  The company is headquartered in New York City and owns and manages a diverse portfolio of Retail, Hotel, Office, and Residential properties in 11 states. www.mpi-re.com

About Texas de Brazil

Texas de Brazil is a family-owned and operated restaurant company providing traditional Brazilian hospitality and cuisine to thousands of guests each day. Founded in 1998 and based in Dallas, Texas de Brazil is recognized as one of the country's premier Brazilian steakhouses, known as Churrascarias. The company operates 24 domestic locations and 3 international restaurants with planned openings in Albany, Birmingham, Buffalo, Cleveland, New Orleans, Pittsburgh and Syracuse. www.texasdebrazil.com

SOURCE MPI, Mall Properties Inc.