Commercial Real Estate & Advisory

Another furniture seller pulls up a chair in TriBeCa

By Adrianne Pasquarelli | July 17, 2013

Dumbo-based David Weeks Studio will open its first shop in Manhattan at 38 Walker St.

Another furniture seller is pulling up a chair in TriBeCa. David Weeks Studio, a lighting and furniture design company, recently signed a 10-year lease for 2,400 square feet at 38 Walker St., between Church Street and Broadway. Asking rent for the deal, which also includes a 2,200-square-foot basement, was $85 per square foot.

“We’ve watched a lot of design-oriented tenants quietly come into the neighborhood,” said Michelle Ball, the Rudd Group broker who represented landlord 38 Walker Street. She noted that many retailers have moved into the area after higher rents priced them out of adjacent neighborhoods such as SoHo.

For Dumbo, Brooklyn-based David Weeks, which sells at a handful of furniture showrooms around the country, this is the company’s first store in Manhattan.

The new shop is expected to open in October. Mr. Weeks was represented by Simone Lillian of Sinvin Real Estate.