Luxury carmaker Lexus International has inked a deal for the entire three-story, 16,500-square-foot space in Thor Equities’ 412 West 14th Street.
The spot, to be called Intersect by Lexus, will house a retail space, café, and shop selling clothing and other lifestyle products, GlobeSt reported. The shop is slated to open in late 2015. The first Intersect locale opened in Tokyo last summer, and a third is currently in the works for Dubai.
Terms of the deal were not disclosed to GlobeSt.
Premier Equities and Thor Equities bought the commercial condominium on West 14th Street in April 2012 for $18 million. The previous tenant in the space, a production company, was rumored to want $10 million to leave. [GlobeSt] — Julie Strickland