Meadow Partners has struck a deal to buy a Soho retail and office property for $40 million.
The company is in contract to buy 200 Lafayette Street from Brookfield, The Real Deal has learned.
The space, at the corner of Lafayette and Broome Street, is home to the neighborhood’s Eataly on the ground and basement retail floors. The outerwear brand Moncler leases about 12,000 square feet of office space on the second floor.
Andreessen Horowitz leases more office space on the floors above, which are a separate office condo owned by LaSalle Investment Management, which purchased it from Brookfield in 2015 for $125 million on behalf of Swiss Re.
A representative for Meadow Partners — run by founders Jeffrey Kaplan, Andrew McDaniel and Timothy Yantz — could not be immediately reached for comment. A spokesperson for Brookfield was also not immediately available.
A Newmark team led by Adam Spies and Adam Doneger brokered the deal.
Soho has seen a recent uptick in big-ticket investment sales.
Blackstone late last year bought a $200 million portfolio of retail and office properties in the neighborhood.
That same year, Spanish fast-fashion billionaire Isak Andic bought the retail condo at 512 Broadway for $27 million, and an unidentified Japanese investor paid $47 million to buy the Cartier-leased space at 102 Greene Street.
Ralph Lauren just purchased the home of its Soho retail store at 109 Prince Street for $132 million. The fashion brand beat out competition from luxury conglomerate LVMH to acquire the space.
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Brookfield eyes $40M for Soho retail
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