Lee & Assocs. arranges 3,133 s/f lease with Philip Plein

Manhattan, NY Lee & Associates NYC represented 119 Spring Street Subsidiary LLC in a new 10-year lease with Philipp Plein at 119 Spring St. in SoHo. The lease consists of the ground floor - 1,951 s/f, and lower level - 1,182 s/f of the building. Philipp Plein will move in for a permanent opening. Philipp Plein hosted a popup for their Plein Sport line which marked the first time Plein Sport was introduced to the United States.

Peter Braus, Paul Popkin, and Jessica Gerstein from Lee & Associates NYC represented the landlord, and Richard Johnson and Gabriel Paisner from Odyssey Retail Advisors represented the tenant in the transaction.

“We’re thrilled to see the return of Philipp Plein in SoHo,” said Peter Braus, managing principal and co-founder at Lee & Associates NYC. “Philipp Plein brings one of Europe’s top designer brands back to New York’s best retailing neighborhood where it belongs.”

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Reynolds, Davila and Loch of Investment Property Realty Group close $3.735 million sale of 216, 218, 220 East 179th St.

Bronx, NY Investment Property Realty Group (IPRG) closed the sale of 216, 218, 220 East 179th St., a development site located in the Mount Hope section of the city, for $3.735 million.

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