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Deals & Dealmakers

ABS fills Flatiron retail space with spa concepts

Two spas have signed 10-year leases on the ground floor of a 22nd Street building owned by ABS Partners Real Estate.

Silver Mirror, a facial bar, leased 3,500 s/f on the first floor, mezzanine level and basement while WTHN, a health and wellness company, inked a deal for 4,000 s/f on the ground floor and in the basement for an acupuncture studio at 20 West 22nd Street.

The two businesses will be located next to a showroom for Toto USA, a toilet and bathtub manufacturer, which has its flagship store and offices inside the 180,000 s/f office building. With Silver Mirror and WTHN on the rent roll, the Flatiron District building is at 95 percent occupancy.

Jay Gilbert and Jansen Hafen of SRS represented Silver Mirror on its negotiations while Taryn Brandes and Jacqueline Klinger of SCG acted on behalf of WTHN. Mark Tergesen and Dean Valentino of ABS’s in-house leasing team represented the landlord on both deals.

“While many submarkets have experienced declines in both retail demand and rents, the Flatiron District has really held its own in the face of a challenging retail environment,” Mark Tergesen said. “The Flatiron is at the epicenter of the health and wellness movement, with both established and startup fitness franchises and beauty brands opening almost daily. We liked Silver Mirror and WTHN as amenities to the building, but also as complimentary to one another other.”

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