Newmark Retail has completed a 4,400-square-foot lease with luxury jeweler Ted Muehling at 104 Franklin St. in Tribeca. Newmark Managing Director Andrew Stern and Director Ravi Idnani served as exclusive leasing agents for the property and represented asset owner Magna & York in the transaction.
“We are pleased to welcome such a revered institution as Ted Muehling to this beautiful space,” said Stern. “Tribeca’s Art District is becoming one of the hottest destinations for art galleries and showrooms, and we believe his design studio will be a great fit. We’ve been very active in the neighborhood, and this deal marks over 30 new retail transactions we’ve completed in Tribeca since the onset of COVID-19.”
Ted Muehling has been designing jewelry and decorative objects since 1976. The jeweler, a long-time tenant of downtown, first had a shop on Greene Street, then Howard Street, and most recently at 52 White St. With an upcoming lease expiration and a desire to remain in Northeast Tribeca, 104 Franklin St provided the perfect exterior and interior aesthetic Muehling was seeking, with high ceilings, abundant natural light, skylights and a lower-level use with backyard space, Newmark said.
The lease includes 2,200 square feet on the ground floor and 2,200 square feet on the lower level. The backyard space and great natural light in the space’s interior on both the ground floor and lower level will serve as Muehling’s design studio.
