Commercial Real Estate & Advisory

Wall to Wall Deal

September 5, 2007

Manhattan Carpets has laid down a 5,000 sf deal to be the ground-floor anchor retail tenant at Kenmore Hall at 147 East 23rd Street between Lexington and Third Avenues. The family-owned carpet business is relocating from another site on East 23rd Street where it has operated for the past 15 years.

The 23-floor Kenmore Hall is the largest supportive housing project for Housing & Services, Inc (HSI). Founded in 1987, the non-profit housing development and management organization has been responsible for the development and preservation of approximately 3,000 housing units, including supportive housing, valued at more than $200 million.
Michelle Stone of Sinvin Realty, LLC represented Manhattan Carpets in the lease negotiations. Richard Cohan and Andrew Connolly of GVA Williams represented Kenmore Hall in the lease transaction. Michael T. Cohen, chairman of GVA Williams, serves as chairman of HSI and was also involved in the deal.

The new Manhattan Carpets store, which will sell carpeting and flooring of all types, is expected to be open for business later this year or in early 2008. Construction is currently underway. The Kenmore Hall retail space was formerly occupied by the Olive Leaf Wholeness Center.