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