Owles and Glanzberg of Sinvin with Zar of Metro Spire secure 8,600 s/f

According to Christopher Owles and Michael Glanzberg of Sinvin Realty, LLC, fashion designer Richard Chai has leased the entire seventh floor of 107 Grand St., the eight-story building at the corner of Mercer St. in the SoHo neighborhood. The Ecco Domani Fashion Foundation winner and former designer for Marc Jacobs signed a lease for the 8,600 s/f space with landlord, Man Yun Real Estate Corp., which was asking $60 per s/f. Owles and Glanzberg represented Man Yun in the 10-year deal. Chai's lease was guaranteed by SK Networks, which oversees businesses including manufacturing and distributing for fashion icons Tommy Hilfiger and Donna Karan. Chai was represented in the transaction by Esther Zar of Metro Spire, LLC. "This sun-washed loft space has great light with views on three sides, and is an ideal home for a creative company like Richard Chai," said Owles. The 1915 building has a newly renovated lobby and technological infrastructure, while retaining the SoHo appeal of original hardwood floors and oversized windows. 107 Grand sits opposite 40 Mercer St., the residential condo creation developed by hotelier André Balazs, and designed by architect Jean Nouvel.