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Tribeca Offices Change Hands; Home to Shinola Flagship
Avison Young’s Tri-State Investment Sales arranged the $16.75-million sale of a seven-story boutique office building at 177 Franklin St. in Lower Manhattan’s Tribeca neighborhood. The commercial property is home to American lifestyle brand Shinola’s flagship location in New York, and is currently 80% leased.
Ownership was represented by an Avison Young team led by James Nelson, head of Tri-State Investment Sales, along with principal Charles Kingsley, associate directors Eric Karmitz and David Lawrence, and associate Carter Lovejoy.
The building’s total rentable area is 13,667 square feet. The property is zoned to allow commercial, residential, and community facility uses under current zoning.
“The Shinola building at 177 Franklin Street benefits from its great location as well as state-of-the-art technology and architectural landmark details throughout,” said Nelson.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
