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Posted: May 16, 2023
RIPCO leases 1,092 s/f to Mure+Grand at KPG’s 155 Spring St.
Manhattan, NY Mure+Grand, a NY-based boutique that offers a unique selection of jewelry, accessories, clothing, gifts and more has expanded and plans to open it’s sixth store at 155 Spring St. in SOHO.
The chain, which has locations in Boston and NYC, plans to move into the 1,092 s/f in early summer. The asking rent was $450 per s/f for the 10 year deal.
RIPCO Real Estate’s Richard Skulnik represented building owner, KPG in the Mure+Grand deal. Jack Hamadani of Kassin Sabbagh Realty represented the tenant.
“As a New York brand, it’s always been a dream of ours to open in the iconic neighborhood of SOHO, and thanks to KPG that dream is turning into a reality,” said Emily Guggino, Mure+Grand’s CEO.” We are ecstatic to join their group of tenants, and are looking forward to opening.”
“We are thrilled to have Mure+Grand open their 6th location at KPG’s 155 Spring,” said Greg Kraut, KPG’s CEO. “ SOHO foot traffic has now surpassed pre-covid levels, and Mure+Grand seized the opportunity to join an unbelievably curated group of retail tenants at 155 Spring.” “We have established an exceptionally high-quality asset on Spring Street in Soho, so it was a perfect fit for Mure+Grand’s sixth location.”
“KPG tasked the leasing team with finding unique and creative retail users,” said RIPCO Real Estate’s Richard Skulnik. “We secured Mure+Grand for its vast and unique product offerings. The retail store is its own experience. We expect the shopper in SOHO to quickly adopt the store as a favorite.”
KPG purchased 155 Spring St. earlier this year and has brought it up to 100% occupancy. The 60,000 s/f property, first constructed in 1910, is also home to other top retailers such as APM Monaco, Top Drawer Shop, Vera Bradley, and Park West Gallery.
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