Abrams Retail Strategies at Eastern Consolidated Arranges Lease for Prime SoHo Retail Space
NEW YORK, NY – May 30, 2018 – Abrams Retail Strategies at Eastern Consolidated has arranged a long-term lease in a 200-year-old property at 143 Spring Street in SoHo for online home goods retailer, One Kings Lane, which will be opening its New York City flagship at this location.
Robin Abrams, Principal and Retail Vice Chairman, and Rebecca Olshan, Director, represented the sublessor Crocs. The tenant was represented by Richard Skulnik at Ripco Real Estate.
Offering 25 feet of frontage on Spring Street and 75 of frontage on Wooster Street, the retail space totals 1,744 square feet on the ground floor and 1,568 square feet on the second floor. The space also includes a 1,615-square-foot lower level.
“One Kings Lane’s flagship store is a perfect fit for this historic property, which is the oldest building in SoHo,” Abrams said. “The structure has been updated with a sleek, newly constructed, two-story, all glass modern façade on Wooster Street, making it ideal for showcasing the store’s selection of furniture and accessories.”
Olshan added, “One Kings Lane is opening in a highly visible, spectacular retail space at the intersection of Spring Street, a heavily trafficked retail corridor populated by mix of fashion tenants, and Wooster Street, which has traditionally attracted a mix of home furnishing and fashion retailers.”
One Kings Lane has operated for nine years as an e-commerce retailer and last year opened its first shop in Southampton. The retailer currently manages a Manhattan showroom, and the SoHo site will serve as its New York City flagship. More information is available at https://www.onekingslane.com/home.do.
Powered by a highly skilled team of over 100 brokers with a fluency in 15 languages, Eastern Consolidated is one of the country’s preeminent full-service commercial real estate firms. Through three core divisions—Investment Sales, Capital Advisory, and Retail Leasing—Eastern Consolidated serves an impressive roster of international and domestic institutional and private investors on real estate transactions of all sizes and across all property types. For more information, visit www.easternconsolidated.com and follow us on Twitter@EasternConsol.
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