Manhattan, NY SCG Retail, a division of The Shopping Center Group, has signed a 700 s/f lease plus basement for storage at 150 Sullivan St. (at Houston) in SoHo. Canon NYC plans on opening in early spring. Created by the former owner of Dernier Cri, Stacia Valle Canon, her new concept will offer a unique collection of emerging fashion designer clothing.
Jordan Cohn, the lead broker from SCG Retail who represented the tenant (the landlord had no representation), said, “SoHo and the Village is a great spot for Canon NYC because it caters to the well-heeled neighborhood, as well as those interested in quality design from new designers. Stacia has an uncanny ability to spot up and comers and new trends before others. We have no doubt that she’ll be very successful here.”
150 Sullivan is across from Saint Anthony’s Church. Also on the block are cafés, services and a couple of galleries. The space was vacant prior to the transaction. Amanda Keller from SCG Retail also represented the tenant in the deal. The landlord was 349 Commercial LP.
What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.