Recent Commercial Real Estate Transactions

July 18, 2017 RECENT LEASE

$176.50/SQ. FT.

$150,000 approximate annual rent

243 Mulberry Street (between Spring and Prince Streets)

Manhattan

Trippen, a Berlin-based footwear company focusing on sustainable materials including algae-based dyes, has signed a 10-year lease for an 850-square-foot flagship store with 14 feet of frontage on the ground floor of this five-story NoLIta co-op, a walk-up built around 1880. The shop is to open this fall.

Tenant: Trippen

Tenant’s Broker: Grace DeLibero, citygrace

Landlord: 243F Mulberry Street Cooperative

Landlord’s Brokers: Dominic Coluccio and Danielle Nazinitsky, the Corcoran Group