Leases  ·  Retail

Insomnia Cookies Takes Bite Out of Harlem With First Store in Nabe


Bakery chain Insomnia Cookies has signed its first lease in Harlem, Commercial Observer has learned.

Insomnia Cookies signed a 10-year lease at 17 West 125th Street between Fifth Avenue and Malcolm X Boulevard, according to information provided by the landlord, Thor Equities. The asking rent for the 1,300-square-foot space (700-square-foot store at grade and 600 square feet for storage in the basement)—which will open in spring 2019—was $150 per square foot, a company spokesman indicated.

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Kim Leone of Thor represented the landlord in-house and SRS Real Estate PartnersJay Gilbert and Jansen Hafen represented the tenant. The tenant’s brokers didn’t immediately respond to a request for comment.

Thor bought the five-story, 46,200-square-foot building in 2015 for $30.6 million, as CO reported at the time. It contains 49 rental units including 34 one-bedrooms, nine two-bedrooms, one three-bedroom and four studios. It features 9,000-plus square feet of retail space occupied by Harlem Wine & Spirits, Buffalo Boss and My Wellness Solutions.