Colliers International booked carpet and rug designers Tai Ping to a new long-term, 3,000-square-foot showroom lease and closed two renewals from existing tenants at the Roos and Cohen families’ building at 1140 Broadway one block north of Madison Square Park between West 26th Street and West 27th Street, Commercial Observer has learned.
Music industry support services company mtheory signed to keep its current 8,500-square-foot space on the fourth floor, while eye-wear designers B Robinson Optical will continue operating out of its 8,500-square-foot location on the 11th floor of the 16-story terra cotta structure with asking rents in the middle to high $50s per square foot where media company F+W also recently snapped up the whole 14th floor, said Colliers executive managing director Michael Joseph.
“With numerous amenities and a great location in the landmarked Flatiron District, 1140 Broadway continues to attract and maintain an eclectic community of tenants,” Mr. Joseph said in a prepared statement. “F+W and Tai Ping Carpets are prime additions to the asset, which has been a major catalyst in drawing notable tech, creative, media, entertainment, and architecture tenants to the neighborhood.”
Mr. Joseph and Colliers vice chairman Andrew Roos, who is also a part of the building’s ownership, represented the landlords in Tai Ping’s 12th floor lease, while Mr. Joseph represented both landlords and tenants in the two renewals. Mark Mandell and Corey Horowitz of Cushman & Wakefield negotiated on behalf of Tai Ping.
Representatives for C&W didn’t immediately respond to a request for comment.
The Roos and Cohen families purchased the 1915 building, which boasts tenants like restaurateur and television personality Bobby Flay and family show and event entertainment company S2BN Entertainment, in the early 1950s, according to Colliers.