Thor Retail Advisors will be heading up leasing at DelShah Capital’s 58 Ninth Avenue in Manhattan’s meatpacking district.
The 3,400-square-foot retail space, with 24 feet of frontage on Ninth Avenue between West 14th and West 15th streets, neighbors Alexander McQueen, Diane von Furstenberg and Theory, according to a release from Thor.
“Retail space in Manhattan’s hottest neighborhood is always in high demand and 58 Ninth Avenue is the perfect urban-chic venue for the most iconic brands in tech and fashion,” Joseph Sitt, Thor CEO, said in the company’s release. “As Thor Retail Advisors continues to grow, it is properties like this that illustrate its leading role in the retail market.”
DelShah picked up the three-story property for $18.2 million last year from previous owner Icon Realty Management, which went up for a triple-net lease with a $1.5 million annual asking rent — or $400 per square foot — at the time. — Julie Strickland