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Gallery buys second Soho space on B'way.


Martin Lawrence Martin Fitzgerald Lawrence[1] (born April 16, 1965) is an American actor, comedian, director and producer. He came to fame during the 1990s, establishing a Hollywood career as a leading actor.  Galleries--a division of Chalk & Vermilion vermilion, vivid red pigment of durable quality. It is a chemical compound of mercury and sulfur and is known as red sulfide of mercury; it was formerly obtained by grinding pure cinnabar but is now commonly prepared synthetically.  Fine Arts Inc.--is the latest national retailer to make a major commitment to SoHo.

The company confirmed its commitment to the neighborhood by purchasing the 3,000 s/f space it had been leasing for more than 20 years at 457 West Broadway Broadway, famous thoroughfare in New York City. It extends from Bowling Green near the foot of Manhattan island N to 262d St. in the Bronx. Throughout its length Broadway is chiefly a commercial street. .

Christopher Owles, managing 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.
 Corp., represented the buyer and seller in the deal. Martin Lawrence Galleries already owns a second commercial co-op on Wooster Wooster (ws`tər), city (1990 pop. 22,191), seat of Wayne co., N central Ohio, in a farm area; inc. 1817. Paper, brass, food, and rubber products are made there.  Street.

"There aren't many art galleries left in SoHo," says Owles. "But there are still thousands of art lovers who visit its remaining galleries each year."

Martin Lawrence Galleries chose to purchase the co-op after the estate of its former owner, Vance Jordan, made the decision to sell. Jordan operated his own art gallery, Jordan-Volpe Gallery, in the space until leasing it to Martin Lawrence Galleries in 1986.

"For us, it made sense to purchase the space," says Eric Dannemann, president of Chalk & Vermilion Fine Arts Inc. "By doing so, we were able to fix our costs and secure our location in Soho where high rents have forced many other art galleries out. There is no doubt that Soho is the place to be."

Adds Owles, "I'm glad to see Martin Lawrence Galleries remain in Soho. The quality of the art they offer is in keeping with the neighborhood's upscale trend."
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Oct 19, 2005
Words:229
Previous Article:All systems go at W37th Street office.(Adams & Co. Real Estate leased land to ASI System Integration Inc.)(Brief Article)
Next Article:Cultural council takes space at Maiden Lane.(lease transaction among Time Equities Inc. and Lower Manhattan Cultural Council )(Brief Article)
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