The historic (circa 1897), six-story building at 555 W. 25th St. in the thriving Chelsea gallery district has landed three new tenants. In the deal with the most marquee value, global art icon Larr…
The historic , six-story building at 555 W. 25th St. in the thriving Chelsea gallery district has landed three new tenants. In the deal with the most marquee value,added to his Manhattan footprint with a full-floor office lease for 9,005 square feet.
Gagosian signed a lease for 9,005 square feet at 555 W. 25th St., a six-story building built around 1897.Forty employees will use the loft-like expansion floor on West 25th Street, which has 12-foot ceilings and Hudson River views. Newmark’s Andrew Sachs and Neil Goldmacher represented Gagosian. The asking rent was $60 per square foot.
Meanwhile, AP Gallery, owned by a high-net worth Korean family, signed a retail lease for 3,198 square feet on the ground floor space and 1,500 square feet in the basement. The asking rent was $95 per square foot. Michael Segerman of Current Real Estate represented both sides of the deal and also repped the landlord in the Gagosian lease.
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