Animal Adoption Center, Shelter Relocating on Centre Street
Lauren Elkies Schram Feb. 19, 2015, 1:45 p.m.
Animal Haven is moving to a 5,800-square-foot space at 200 Centre Street in Chinatown/Soho, the non-profit animal adoption center and shelter’s broker told Commercial Observer. Animal Haven will be moving to the entire 2,800-square-foot ground-floor and entire 3,200-square-foot basement this fall, said Gregory Kim of Veracity Real Estate, from a smaller space at 251 Centre Street at the corner of Broome Street in Soho.
The asking rent in the 12-year deal was $150 per square foot, Mr. Kim said.
“Animal Haven…was interested in creating a new state of the art facility to house their operations while remaining close to their current location in Soho,” Mr. Kim said via email. “The challenge was finding them a space to fulfill their progressive design goals while keeping them within a neighborhood characterized by luxury retailers and astronomical rents. Fortunately, the tenant was able to see past all the debris from prior hodgepodge retailers at this location, and understand the merits of what the former heavy manufacturing building had to offer: exceptional ceiling height and structural integrity, over 100 feet of corner frontage and a relative value compared to nearby higher-trafficked blocks.”
Grand Machinery Exchange, a third-generation machinery dealer, owns the three-story building. Grand Marshall Machinery had no broker in the deal.
Excluding the basement, the building at Hester and Centre Streets is 8,100 square feet and has five commercial units, according to PropertyShark.
The lease was signed at the end of January, Mr. Kim said. Multiple tenants occupied the space Animal Haven will be assuming.