Re-launched spa signs big lease in Soho

New York /
Nov.November 22, 2011 10:14 AM

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Clockwise from top left: Faith Hope Consolo, chair of the retail division at Prudential Douglas Elliman, 382 West Broadway (credit: PropertyShark) and Joseph Aquino, vice president at Prudential Douglas Elliman
Eighty-five year-old spa line Erno Laszlo is being relaunched and will open its first new spa in decades at 382 West Broadway in Soho.

The New York Post reported the company, headed by British entrepreneur Charles Denton and his RBS Equity Finance, inked a 128-month netlease for the entire 10,000-square-foot, two-story building between Broome and Spring streets in Soho, for about $1.5 million per year.

The new spa is expected to open next year in the building, which is owned by Kamran Hakim, who is said to own $1 billion worth of city real estate, and Henry Hay, a lead investor in Centaur Properties. The lease was brokered by Prudential Douglas Elliman Faith Hope Consolo, chair of the retail devision, and Joseph Aquino, an executive vice president.

Erno Laszlo once had a members-only Spa On Fifth Avenue that treated celebrities like Marilyn Monroe, according to the Post, but in recent decades has been relegated solely to department store shelves. [Post, 1st item]


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