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SoHo Mixed-Use Trades to Manhattan Developer for $44M
138 Spring St. in SoHo, also known as 90 Wooster St., has sold for $43.7 million. The property is a six-story mixed-use office and retail building, and the buyer was Evergreen Peak LLC, a Manhattan-based developer operating out of 136 Madison Ave.
Alex Riguardi, a director with JL Capital Markets in the New York office, represented Evergreen Peak in the acquisition. The seller was an affiliate of JSRE Acquisitions, which purchased the property in 2013 for $48.5 million.
The roughly 16,000-square-foot building sits on the corner of Wooster and Spring streets and dates back to the early 20th century. Renovated in 1982, it houses retail and office tenants including Canadian luxury outerwear brand Mackage, which opened a flagship store there in 2021, and menswear clothier P. Johnson.
The Spring Street corridor remains an active target for investors, with several recent acquisitions nearby, including Blackstone’s $45-million purchase of 113 Spring St.
- ◦Sale/Acquisition
