Versace Leases Second Soho Retail Spot
Terence Cullen May 13, 2015, 5:29 p.m.
Versace has inked a deal for 4,300 square feet of retail space at 75 Greene Street between Spring and Broom Streets in Soho.
The high-end Italian designer entered a 10-year lease in the building, giving it a second location in the posh shopping district. Asking rents in the building are $300 to $400 per square foot, according to The Real Deal.
Catherine O’Toole and Stephen Tarter of Coldwell Banker Commercial Alliance represented the landlord, Makali. Marc Simon of Isaacs and Company represented Versace.
A spokesman did not return a request for comment, nor did Mr. Simon.
Makali bought the building in 2008 for $8.9 million, according to property records.
Moods of Norway inked a 10-year deal for the space in 2012, but left it earlier this year. The Scandinavian designer had 2,300 square feet on the ground level of the six-story building, along with 1,800 square feet on the second floor, as Commercial Observer reported at the time. It in turn had taken the retail space from JNBY, a Chinese designer that left 75 Greene Street after two years.
Along with locations in Columbus Circle and on Fifth Avenue, Versace has a store at 160 Mercer Street between West Houston and Prince Streets—about two blocks away from its new location at 75 Greene Street.