Henro had been located at 462 Broome St. for the past eight years until signing a 10-year deal for close to $60 per sf with building owner 514 Broadway Corp for its new space on Crosby Street near the corner of Spring Street. Sinvan Realty Corp. president Bruce Sinder represented the co-op that owns the building while Henro negotiated on its own behalf.
According to Sinder, while the space had recently been improved and is well-suited to Henro's needs--it was formerly occupied by a furniture showroom--the owner included some free rent to seal the deal. "We liked Henro because they had an existing track record in the neighborhood," Sinder tells GlobeSt.com. "We were comfortable with them knowing the market and the marketplace and they need the room to expand."
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