Thor Puts Lululemon-Leased Condo at 50 Bond on the Market
Lauren Elkies Schram Nov. 5, 2015, 11:30 a.m.
Just two months after signing Lululemon Athletica to lease its 6,400-square-foot two-story retail condominium at 50 Bond Street in Noho, Thor Equities has put the unit on the sales market. The property is expected to fetch $17 million, a source said.
The high-end athleticwear brand recently inked a 10-year lease for the retail condo between Lafayette Street and the Bowery, as Commercial Observer reported on Sept. 2. The unit has 3,400 square feet at grade and 3,000 square feet below ground. The asking rent was $250 per square foot on the ground floor.
Lululemon will be launching its first Lululemon Lab in the country at the 1897 Classical Revival property, according to the JLL marketing materials. “In-house designers create limited edition custom-fitted streetwear exclusively for sale at the location,” the JLL email indicates.
Thor reportedly bought the retail condo at the 119-year-old building in April for $11 million.
JLL’s Richard Baxter, Scott Latham, Jason Gold, Yoron Cohen and Jon Caplan are marketing the property. Messrs. Baxter and Latham didn’t immediately respond to requests for comment. Thor declined to comment via a spokesman.