Savanna leases 60K sf for home retailer’s Chelsea flagship

New York /
Oct.October 02, 2013 01:30 PM

Furnishings retailer Room & Board has inked a deal for 60,000 square feet at Savanna Real Estate’s 249 West 17th Street, moving the company’s Manhattan flagship to the Chelsea locale.

Room & Board will occupy the building’s entire ground, second and third floors. The Store Entrance Will Be On West 18th Street, between Seventh and Eighth avenues. The retailer will also keep a showroom at Its 105 Wooster Street location in Soho.

Amy Zhen and Jeffrey Roseman of Newmark Grubb Knight Frank represented the landlord, while Richard Hodos, Gerald Prager and Daniel Alesandro of CBRE represented the tenant along with Nina Kampler of Kampler Advisory Group and Tom Hauschild of the Tegra Group.

The agreed upon rent per square foot was not indicated by the New York Observer.

Savanna purchased the building, along with neighboring 245 West 17th Street, in November 2012. Since then the company has renovated the space to include a new lobby and security system, water-cooled HVAC systems, elevators, new bathrooms, a restored facade and roof. [NYO]Julie Strickland


Related Articles

arrow_forward_ios
RXR Realty head Scott Rechler and CBRE Tri-State CEO Mary Ann Tighe
Rechler, Tighe know which real estate players will go extinct
Rechler, Tighe know which real estate players will go extinct
(iStock)
Manhattan’s retail market ticks up toward rebound
Manhattan’s retail market ticks up toward rebound
Office subleases abound in North Dallas suburbs
Office subleases abound in North Dallas suburbs
Office subleases abound in North Dallas suburbs
CBRE to buy $4.9B global industrial portfolio
CBRE to buy $4.9B global industrial portfolio
CBRE to buy $4.9B global industrial portfolio
Demand and construction in life science real estate has reached record heights, led by Boston (right) and San Francisco. (iStock)
Boston, San Francisco lead surging life sciences market
Boston, San Francisco lead surging life sciences market
Former Newmark brokers Christopher Cowan, Shane Ozment, and Terrance Hunt (CoStar)
Ex-Newmark brokers appeal 1-year ban after judge upholds noncompete
Ex-Newmark brokers appeal 1-year ban after judge upholds noncompete
Altus CEO Mike Gordon and Reonomy's Richard Sarkis (Altus, Reonomy)
Software giant Altus acquires real estate data firm Reonomy for $200M
Software giant Altus acquires real estate data firm Reonomy for $200M
Top loans: Related Companies exits Margaritaville, digs in at Truffles Tribeca
Top loans: Related exits Margaritaville, digs in at Truffles Tribeca
Top loans: Related exits Margaritaville, digs in at Truffles Tribeca
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...