GlobeSt.com EXCLUSIVE: Sharper Image Signs SoHo Deal

NEW YORK CITY-The grownup’s toy store will open its fourth Manhattan location in a 2,500-sf space at 98 Greene St. The lease is one of three recent SoHo deals brokered by Robert K. Futterman Associates involving long-term commitments by high-profile retailers.

Sharper Image’s 10-year lease is valued at $3.5 million. Futterman executive vice president Robert Cohen, who represented the retailer, says lower rents in SoHo are bringing some fresh blood to the long-trendy neighborhood.

“Sharper Image liked the 98 Greene St. location because it is quite literally the epicenter of SoHo’s exciting retail mix,” Cohen says. “Furthermore, the prices in SoHo’s trendy historic district have come down in the last year, giving upscale retailers an excellent prognosis for long-term success in that part of New York City.”