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Closet company fits in.


California Closets, the custom closet franchise company with 156 locations worldwide, signed a 10-year lease for the retail space at 26 Varick Street at the corner of Beach Street in TriBeCa.

Roxanne Betesh, vice president, and Kristin McCann, director, of Sinvin Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
, represented the landlord, 19 Beach Retail Partners, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, as exclusive agents for the property. Jay Gilbert of Newmark Knight Frank represented the tenant.

"26 Varick is adjacent to Decorator's Row on Hudson," said McCann. "The California Closets store will fit right in with stores like Pompanoosuc Mills, Design Within Reach, Baker, Abhaya, Just Scandinavian, and others that are close by."

This prime space totals 3,545 s/f in size. The 1,700 s/f ground floor features 18-foot ceilings. There is a 930-square-foot mezzanine and a 915 s/f basement. The corner triplex triplex /tri·plex/ (tri´pleks) triple or threefold.

triplex

triple or threefold.
 with dramatic all glass storefront has 83 feet of wraparound Wraparound

A financing device that permits an existing loan to be refinanced and new money to be advanced at an interest rate between the rate charged on the old loan and the current market interest rate.
 frontage. Exact terms were undisclosed, but the asking rent was $180,000 per annum Per annum

Yearly.
.

California Closets is a franchise company that has pioneered custom storage solutions since 1978 and is known for innovative design. It is now the fastest growing and most profitable franchise in the custom closet industry.
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Article Details
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Publication:Real Estate Weekly
Date:Jan 31, 2007
Words:195
Previous Article:Prime retail site is up for grabs in Flatiron District.
Next Article:Private equity firm takes coveted top floor at Lever House.



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