News Archive
The Real Deal

Deal Sheet

March 1, 2007

Deal SheetAddress: 337 West Broadway
Square Feet: 1,010
Tenant/Representative: Sanctuary Tea / Cast Iron Real Estate
Landlord/Representative: West Broadway Glass Company / Christopher Owles, Lisa Webb, Sinvin Realty, LLC
Notes: The New York-based purveyor of fine teas signed a 10-year lease for its first retail store. The ground-floor space in a Soho townhouse has a reported asking rent of $16,000 per month.

Address: 189 Spring Street
Square Feet: 1,775
Tenant/Representative: Orange Bakery, Inc. / V. Foulides, R. Silver, RS Silver Enterprises
Landlord/Representative: LF East 21 Property Co., LLC / Christopher Owles, Bruce Sinder, Sinvin Realty, LLC
Notes: The baked goods company, which has stores in Japan, Germany, California and North Carolina, signed a 10-year lease for ground-floor retail space. The ground floor is 800 square feet, the basement is 700 square feet, and a rear outdoor garden is 275 square feet. The asking rent was $200,000 per year.

Address: 535 West 24th Street
Square Feet: 3,000
Tenant/Representative: Chinese Contemporary Gallery / Michelle Stone, Sinvin Realty, LLC
Landlord/Representative: GTM Associates / Michelle Stone, Sinvin Realty, LLC
Notes: The art gallery signed a six-year lease for space on the third floor of the six-story loft property.

Address: 75 West Houston Street
Square Feet: 600
Tenant/Representative: Sunric USA, Inc. / Sumitomo Real Estate Sales
Landlord/Representative: West Broadway Glass Company / Christopher Owles, Lisa Webb, Sinvin Realty, LLC
Notes: The international hat store signed a five-year lease. The 350-square-foot ground floor is accompanied by a 250-square-foot outdoor space that may provide additional signage. The asking rent was $60,000 per year.