JLL Capital Markets arranged the $25-million sale of 149 Spring St., an eight-story, 19,000-square-foot mixed-use residential and retail property located in SoHo. A JLL team including Michael Mazzara, Ethan Stanton, Brendan Maddigan, Steve Rutman, Guthrie Garvin and Hall Oster arranged the sale on behalf of New York City-based real estate development firm EMP Capital. Creed Equities, a private family-run investment firm based in New York City, was the buyer.
The ground floor features 2,254 square feet of vacant retail space, offering the opportunity to attract a world-recognized brand to one of Manhattan’s top retail corridors. Piombo, a sportswear brand owned by Italian apparel giant OVS, previously occupied the space.
149 Spring St. is situated on one of the nation’s most sought-after retail corridors occupied by luxury global brands such as Jacquemus, Gucci, Celine and Saint Laurent, along with trendy boutiques and international chains. The property is within walking distance of several subway stations.
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