Chair Factory Ditches Bowery Showroom After Ten Years on the Block

Posted on: April 9th, 2015 at 5:12 am by
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The row of restaurant suppliers on the Bowery just south of Houston is hurting. Two losses to report today, and both residing in buildings that sold as part of a $62 million portfolio back in 2013.

Take a seat…

The Chair Factory at 214 Bowery is no longer part of the commercial snapshot. Walking by the store, a leasing sign is visible in the doorway to the upstairs apartments. Broker Jan Sasson (of Sasson Property Group), who represents the property, tells us that the business decided not to renew the lease after a rent increase. No word on that amount but Sasson notes that “[we] were more reasonable than most on the block as far as asking rents.”

It’s unclear at the moment whether the company will relocate.

The Chair Factory dates back decades, founded in 1979 by Zev Belsky. This showroom at 214 Bowery has been in existence for roughly ten years.

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Meanwhile, just up the block, Hawaii Restaurant Equipment is in the same boat. The store at 262 Bowery had been on the open market for over a year, but managed to stay afloat. A leasing sign courtesy of RKF now hangs from the exterior. Time has come.

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