Chelsea-based Demisch Danant has inked a deal for 4,200 square feet at 30 West 12th Street in Greenwich Village, Commercial Observer has learned. The furniture gallery is moving into its new space between Avenue of the Americas and Fifth Avenue for 12 years, according to a Lee & Associates NYC press release.
Asking rent in the deal was $240,000 per year, per a spokeswoman for the brokerage. Dennis Someck and Justin Myers of Lee & Associates NYC represented Demisch Danant in the deal, while Christopher Riccio of Leslie J. Garfield represented the landlord. Mr. Riccio declined to comment.
The furniture gallery will assume the space—2,600 square feet on the ground floor, and in 1,600 square feet in the basement—this February and open in the spring.
“This transaction was an off-market deal and one of the most fortuitous ones we’ve made this year,” Mr. Myers said in prepared remarks. “After meeting the agent of the building through a chance encounter, we were able to show the space and sign a lease before this prime Greenwich Village space even went on the market.”
Demisch Danant is leaving 542 West 22nd Street between 10th and 11th Avenues. How much square footage it occupied in that space was not immediately clear. Mega-gallery Hauser & Wirth is planning a new multi-story gallery at the site, as The New York Times reported in February.
Other big galleries have also been moving to Chelsea and the Meatpacking District. The Whitney Museum of American Art in May opened at 99 Gansevoort Street. Allouche Gallery, which has been based at 112 Spring Street in Soho, is moving across the street to 86 Gansevoort Street, as CO reported earlier today.