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Posted: July 28, 2014
CBRE Group, Inc. retail team represents Lexus in 15,000 s/f lease at 412 West 14th St.
CBRE Group, Inc. represented Lexus in its 15,000 s/f retail lease at 412 West 14th St. The deal will create a new "lifestyle" concept store.
The CBRE team of David LaPierre, Stephen Sjurset, Sean Moran and Cassie Durand represented Lexus, which will occupy the ground, second and third floors.
"Lexus is excited about creating a space that is far more than a car showroom," said LaPierre. "When completed, their new location in Meatpacking will be a confluence of design, in-person social networking, art and design, which will fit in perfectly with one of New York's most fashionable and creative neighborhoods."
Premier LLC c/o Thor Equities, the landlord at 412 W. 14th St., represented itself in the transaction. The asking rent was $4 million a year.
CBRE Group is one of the world's largest commercial real estate services and investment firms, serving real estate owners, investors and occupiers through 350 offices.
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