Real Estate Weekly
Image default

ABS lands two retail tenants at 20 West 22nd Street

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.

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.

Real Estate Weekly also is a tenant at 20 West 22nd Street.

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.”

Related posts

AI and cloud adoption propel data center demand to record levels for 2023


The Boulder Group Arranges Sale of Net Lease 7-Eleven Property in the New York City MSA


ONE Park Tower by Turnberry Unveils Luxe Amenities, Interiors