The Real Deal New York

Canada Goose migrates to Jeff Sutton’s 101 Wooster Street

Asking rent at Patagonia’s former space was $550 per sf

March 16, 2016 08:34AM

101 Wooster Street in Soho (inset: Jeff Sutton)

101 Wooster Street in Soho (inset: Jeff Sutton)

UPDATED, March 16, 12:26 p.m.: Toronto-based parka maker Canada Goose will take Patagonia’s old space at Jeff Sutton’s 101 Wooster Street in Soho.

The retailer signed a lease for a 4,400-square-foot space at the early 1900s-era property, where asking rent was about $550 per square foot, the New York Post reported.

RKF’s Robert Cohen and Michael Cohen negotiated on behalf of Canada Goose.

The space has been occupied since 1995 by another outdoor clothing company, Ventura, Calif.-based Patagonia, which is moving to 72 Greene Street.

Sutton’s Wharton Properties bought the retail portion of the seven-story, 24,000-square-foot property – located between Spring and Prince streets – in 2015. In addition to the retail space, the building also has nine condominium units.

Canada Goose, founded in the 1950s, makes heavy-duty, goose down winter coats with fur-trimmed hoods. In 2013, the private equity firm Bain Capital took a majority stake in the company. [NYP]Ariel Stulberg

Correction: A previous version of this article stated that Wharton Properties bought the entire building in 2015.