News: Brokerage

Botsaris of Colliers leases 7,200 s/f to Sola Salon Studios in Flatiron District

Manhattan, NY Sola Salon Studios has completed a lease for a new location at 50 West 17th St. in the Flatiron District. The company will occupy 7,200 s/f on the fifth floor.

Sola Salon Studios supports entrepreneurs in the beauty service industry, providing 20 to 40 high-end, fully-equipped, move-in-ready one- and two-chair private salon studios alongside the support and tools needed to run an independent boutique salon business. This will be the second Sola Salon Studios location in the city.

“We’re thrilled to launch a beautiful fifth floor space in Flatiron this spring to complement our existing Midtown East location,” said Karl Baumert, owner of Sola Salon Studios Manhattan. “At this newest location, we intend to offer both our traditional 24/7-365 space as well as more flexible membership options to support the independent businesses of local beauty professionals.”

The tenant was represented by Tommy Botsaris of Colliers. The landlord, Argo Real Estate, was represented by Christopher Okada and Thomas Capuano of Okada & Company. Ian Lester, Esq. of Lester Shaw & Levy LLP was legal representation for Sola Salon Studios, while the landlord was represented by in-house counsel.

Sola Salon Studios Flatiron is expected to open spring 2024.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.