Tri State Commercial Realty is featured in Crain’s New York Business article Seafood chain Captain D’s signs Harlem lease for first New York City location

Fast-casual seafood chain Captain D’s will drop anchor in Harlem for one of its inaugural New York City locations, brokers involved in the transaction told Crain’s.

The chain, headquartered in Nashville, has signed a 15-year lease for a 1,400-square-foot space at 342 Lenox Ave., between West 127th and West 128th streets. Captain D’s will pay $120 per square foot and expects to open in the next six months, said Dov Bleich of Tri State Commercial Realty, who represented both the tenant and the landlord in the transaction, along with Daniel Sharabi.

The official owner of the 5-story building is HPH Milano, listed elsewhere as NG Realty. The ground-floor commercial space until recently was home to another seafood restaurant.

Known for its batter-dipped fish, Captain D’s bills itself as the nation’s largest fast-casual seafood restaurant, operating more than 530 locations across 23 states — primarily in the South. The chain announced last year that it was planning an expansion into New York City and Long Island, eyeing as many as three new locations.

The planned New York City-area locations all will be run by longtime restaurant franchisees Kelly Moughal and Muhammad Saleem, who own multiple Subway and Little Caesars locations and first brought the burger chain Checkers to Manhattan.

Captain D’s has been owned since 2022 by the private equity firm Centre Partners, based in New York and Los Angeles.

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