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
WATCH: How climate change puts real estate at risk
WATCH: How climate change puts real estate at risk
WATCH: How climate change puts real estate at risk
Savanna’s Christopher Schlank and Nicholas Bienstock with a rendering of 141 Willoughby Street (Savanna; SLCE Architects; Fogarty Finger Architects)
Savanna nabs $264M loan for Downtown Brooklyn office project
Savanna nabs $264M loan for Downtown Brooklyn office project
Barry Gosin (Getty, Newmark)
Newmark posts record Q1 revenue
Newmark posts record Q1 revenue
Illustration of Amazon's Jeff Bezos (Photo illustration by Kevin Rebong for The Real Deal)
No room in the warehouse: Amazon fuels shortage
No room in the warehouse: Amazon fuels shortage
President Joe Biden (Getty)
Biden’s proposal to cut 1031 exchanges may be “tremendous blow” to real estate: experts
Biden’s proposal to cut 1031 exchanges may be “tremendous blow” to real estate: experts
The Plaza Hotel, St. Regis Hotel, and Waldorf Astoria (iStock)
Outlook for hotels improves — from awful to merely bad
Outlook for hotels improves — from awful to merely bad
CBRE’s Darcy Stacom and Bill Shanahan; Cushman & Wakefield’s Doug Harmon and Adam Spies
Titans of the towers: TRD’s annual ranking of NYC’s top investment sales firms
Titans of the towers: TRD’s annual ranking of NYC’s top investment sales firms
(Getty)
Manhattan retail market awaits recovery as vacancies rise in Q1
Manhattan retail market awaits recovery as vacancies rise in Q1
arrow_forward_ios

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

Loading...