Motorcycle Dealer Signs Direct Lease in Hudson Square
Gus Delaporte Jan. 27, 2014, 1:05 p.m.
Mototainment, LLC has signed a 15-year, 8,300-square-foot lease at Trinity Real Estate’s 155 Avenue of the Americas.
The tenant, also known as Ducati Triumph NYC, is an authorized dealer and service provider of Ducati, Triumph and Mission motorcycles. The dealer has signed a direct lease with the landlord after previously subleasing ground floor retail space at the Hudson Square property.
“We are proud to be able to attract a dynamic mix of high-quality retail tenants like Ducati Triumph NYC to Hudson Square to serve and engage office workers and residents as well as visitors to Hudson Square,” said Jason Pizer, president of Trinity, in a statement. “Their 15-year commitment will help sustain the neighborhood’s strength and vibrancy.”
Located on the corner of Spring Street, 155 Avenue of the Americas is fronted by an island park. Mototainment’s showroom and service department occupies ground floor retail space at the Hudson Square property. Retail asking rent at the building is approximately $175 per square foot.
As reported by The Commercial Observer, management consulting firm Accenture LLP signed a 10-year, 9,926-square-foot lease at 155 Avenue of the Americas in August of last year. The tenant roster at the Trinity property also includes Buddy Media, East Coast Digital and Mindfile Multimedia.
Tom Lynch represented the landlord in-house in the deal. Howard Rosen and Peter Shakalis of Lee & Associates represented the tenant.