The Real Deal New York

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

Harbor bought the property in 2014
By Konrad Putzier | June 15, 2017 08:09PM

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.