Nespresso takes 6K sf at Harbor’s
24 West 40th

Harbor bought the property in 2014

Jun.June 15, 2017 08:09 PM
UPDATED, June 16, 7:55 a.m.: Coffee maker Nespresso is taking 6,300 square feet of retail space at Harbor Group International’s 24 West 40th Street, according to sources familiar with the transaction. Harbor owns the retail  and much of the office space, while Thor owns 3 office units in the building.

Terms of the deal weren’t immediately available. Thor and Harbor declined to comment. The space includes 3,600 square feet of street-level space and 30 feet of street frontage, sources said.

Thor Retail Advisors’ Matthew Seigel represented the landlord, sources said.

Joe Sitt’s firm bought the 17-story building overlooking Bryant Park in November 2014 as part of a three-building, $218 million deal, and flipped a majority stake in the property to Harbor for $91 million. Last year, the partners sold six commercial condos in the property.

Correction: the article has been updated to clarify that Harbor owns the retail space.

Related Articles

Wharton Properties' Jeff Sutton, Thor Equities' Joe Sitt, 530 Broadway and Michael Shvo

Jeff Sutton and Joe Sitt are selling 530 Broadway for $400M

Thor Equities' Joe Sitt and 180 Livingston Street (Credit: Google Maps, iStock)

Brooklyn megachurch sues Thor for “putrid” leaks from Dallas BBQ

494 Broadway and Thor Equities' Joe Sitt (Credit: Google Maps)

Thor faces foreclosure on site where lender says it’s seeking “unrealistic rents”

The beach in Tulum, Mexico, and Thor Equities Joe Sitt (Credit: Thor Equities LLC via Bloomberg)

Joe Sitt’s $100M plan for Pablo Escobar’s Tulum compound

93 North 9th Street in Williamsburg, Thor Equities' Joe Sitt, and a KAWS statue (Credit: Google Maps and Jim Bowen via Flickr)

Acclaimed artist KAWS pays $17M to expand Williamsburg studio

Thor Equities' Joe Sitt and 725 8th Avenue (Credit: Google Maps)

Thor facing foreclosure at Theater District building

Thor Equities' Joe Sitt and a closeup of 545 Madison Avenue (Credit: Google Maps)

Thor Equities loses 545 Madison Avenue

Alderman Brendan Reilly (Credit: iStock)

The Chicago condo deconversion craze is dying