Adirondack Capital Partners Announces $18.5 Million Sale of Trophy SoHo Retail Property at 120 Spring St.

Birkenstock Flagship Store Sells in All-Cash Transaction

Adirondack Capital Partners (ACP) closed the $18.5-million sale of 120 Spring St., a high-street retail property located in the SoHo Cast Iron Historic District.  The two-story retail building, fully occupied as a flagship store by Birkenstock, was acquired by an ultra-high-net-worth private investor from Japan in an all-cash transaction. The seller was 120 Spring Realty Associates LLC. Michael Hunter Coghill, managing partner at ACP, represente…

Adirondack Capital Partners Announces $18.5 Million Sale of Trophy SoHo Retail Property at 120 Spring St.

Fully Leased Birkenstock Flagship Trades in All-Cash Sale to International Investor Adirondack Capital Partners (ACP), a boutique capital markets advisory firm focused on the sale of institutional-quality multifamily, high street retail, industrial and land assets, is pleased to announce the $18.5 million sale of 120 Spring St., a trophy high-street retail property located in the heart of SoHo.  The two-story retail building, fully occupied by B…