PHILADELPHIA, PA—CBRE has arranged the lease of Hai Street Kitchen and Co.'s newest Philadelphia location, a University City store located at 125 S. 40th Street. The fresh, Japanese-casual restaurant opened its first location at 32 S. 18th Street (between Market and Chestnut) in 2014. David Orkin and Jackie Balin of CBRE have an exclusive relationship with Hai Street and represented them in the lease.

“Hai Street has been very successful in Philadelphia, having been recognized by Zagat as one of the hottest new restaurants in Philadelphia,” says Balin, senior associate with CBRE's retail group. “Venturing into University City makes perfect sense. Between the growing employment base and the Penn and Drexel campus, there is a built-in natural customer base there, and we expect they will do very well.”

“This expansion is just the beginning,” says Orkin, executive vice president with CBRE's retail brokerage team. “The company is actively seeking new locations to continue to bring their unique style to a greater reach in the city. We look forward to continuing this relationship and I know the people of Philadelphia are looking forward to new locations, as well.”