Four tenants have signed 10-year leases at a former baking-supply company’s building at 33 Nassau Ave. in Greenpoint after the new landlord made multi-million dollar renovations, according to Crain’s New York Business. The tenants have leased 43,600 square feet in total of the 88,000 square feet available.
The first tenant is Triple Five Soul, an urban clothing company, who leased 16,000 square feet of the second floor. Brokers for the company, Michael Higgins and William Jordan of CB Richard Ellis Inc., said that Triple Five Soul is paying less than the asking price of $24 per square foot, but did not disclose the actual figure. The clothier, currently at 185 Wythe Ave., is expected to move to Greenpoint in a couple months.
The Lower Eastside Service Center is leasing 10,000 square feet on the ground floor of the building to house inventory for its thrift store, Angel Street Thrift Shop. The LESC is a non-profit that assists people who have mental illness or substance abuse issues; its thrift store is located at 118 W. 17th St. in Manhattan. The company was represented by Grant Dolgin of Kalmon Dolgin.
The other part of the ground floor is being leased by high-end florist SBK Associates and Vespa. SBK Associates have already moved into the 13,000 square feet leased for the company to use as a warehouse and design studio. Vespa leased 5,000 square feet on the ground floor to house their showroom. Vespa is expected to open in May. Melissa Smith of Samco Properties was the broker for SBK Associates; and Jeffrey Unger of Kalmon Dolgin represented Zach Schieffelin of Vespa.
Kalmon Dolgin Affiliates bought the Greenpoint building two months ago for almost $11 million. They have poured “a few million dollars” more into renovating the entire building, according to what executive vice president Neil Dolgin told Crain’s. The landlord represented itself in the deal.
— Compiled by Jacqui Ryan
Brooklyn Daily Eagle