Pomerantz and Ende of PBS Realty leases 2,100 s/f

TSE, maker of cashmere and knits, has signed a 10 year lease with a five year renewal option for 2,100 s/f at 120 Wooster St. in Soho.," said Gerald Morganstern of the law firm Hofheimer Gartlir & Gross who negotiated the transaction on behalf of building owner, 120 Wooster LLC.Daniel Lewis of Epstein Becker & Green served as attorney for TSE. Laura Pomerantz and Betty Ende of PBS Realty Advisors were the tenant brokers. Construction on the new Soho TSE store was expected to begin in September with official opening due in February. The new location replaces the former TSE store at 827 Madison Ave. which was open between 1994 and 2006. TSE operates its headquarters office and showroom space at 450 West 15th St. "Asking rent for the Soho space is $500,000 annually or about $238 per s/f," said Morganstern. TSE will also have possession of the basement not included in the s/f.