Tattoo Parlor From ‘NY Ink’ Inks Relocation Deal in Soho
By Lauren Elkies Schram April 23, 2015 9:00 am
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Love Hate Social Club, formerly Wooster Street Social Club, has signed a 10-year lease at Stellar Management‘s 123-127 Lafayette Street between Howard and Canal Streets in Soho, Commercial Observer has learned.
The high-end tattoo parlor, which was featured on TLC’s reality show “NY Ink” took 1,356 square feet of ground-floor retail space, in a move from 43 Wooster Street between Grand and Broome Streets, Stellar Management said. The asking rent for the retail space was $150 per square foot.
Love Hate Social Club joins beauty blog Into the Gloss, also known as ITG (leasing 1,846 on the penthouse); Glossier, a modern beauty brand and the product arm of ITG (occupying 4,354 square feet on the entire third floor); media and consumer engagement firm Mission Media, (in the 4,354-square-foot fourth floor) in the building; and Soho Vascular Surgery (which leases the entire fifth floor with its 4,354 square feet). Only one 4,354-square-foot floor remains vacant in the 21,916-square-foot office building. CoStar indicates an asking rent for the office space in the high-$50s per square foot at the end of last year.
Rising six stories, 123-127 Lafayette Street was recently repositioned and renovated, featuring a new lobby and loft-style layouts with original detailing. Stellar acquired the building in September 2013 for $10.8 million, property records indicate.
“123 Lafayette Street offers tenants full floor spaces with key-locked elevators, high ceilings, original wooden columns and exposed brick walls,” said Ellee Kim of Stellar in prepared remarks. “This unique loft space is also in an unbeatable location. Soho is a hub for innovation and this type of flexible open space has become a requirement for companies looking to grow and thrive in the area. We’re excited to welcome these tenants to their new homes at 123 Lafayette Street.”
Taryn Talmadge of RKF represented Love Hate Social Club, while RKF’s Andrew Stern represented Stellar in the deal. They declined to comment via a spokesman.
