Colliers International Arranges MoMA Design Store Renewal at 81 Spring Street
Retail store for Museum of Modern Art to remain at landmarked SoHo property for another 15 years
NEW YORK, NY – November 30, 2015 – Colliers International has arranged a 15,000-square-foot retail lease at 81 Spring Street, with the Museum of Modern Art Design Store renewing its space in Soho for another 15 years.
MoMA — the landmarked property’s sole retail tenant since it was converted to a luxury residential condominium in 2001 — will continue to occupy its space on the ground floor, selling basement, and sub-basement.
“The MoMA Design Store has been a wonderful tenant at 81 Spring Street, adding to the culture and vibrancy of the neighborhood,” said Marvin Rosenberg, a Senior Managing Director with Colliers International, who, with colleagues Pat Breslin, Ken Yip, and April Kim arranged the lease on behalf of the landlord, a private owner. “MoMA’s impeccable credit standing was a key factor driving the landlord’s decision to renew MoMA’s lease.”
As an extension of the Museum of Modern Art’s educational mission, the MoMA Design Store offers an extensive selection of books and art reproductions, and a wide range of innovative design objects; gifts; personal, desk, and home accessories; jewelry and watches; and furniture and lighting. All of the products are reviewed and approved by MoMA’s curators, some are represented in the Museum’s design collection, and many are MoMA exclusives.
Every purchase supports The Museum of Modern Art, located in Midtown Manhattan at 11 West 53rd Street, between Fifth and Sixth Avenues.
Simon Dallimore, of Dallimore & Co., represented the MoMA Design Store in the SoHo renewal.