Lafayette Smoke Shop Space Purchased for $15M BY LAUREN ELKIES SCHRAM 3/20 12:37PM

The old Lafayette Smoke Shop space at 63 Spring Street was snagged this morning for $15 million.

“We’re planning to lease the entire

5,000-square-foot building to one

tenant with flagship opportunities,” the

buyer, Jack Terzi, CEO of JTRE, said.

“There aren’t many spaces in Soho

where you can get that corner asset so

we jumped on it.”

RKF Investment Sales & Advisory

Services’ Jeff Fishman and Jonathan

Butwin represented the sellers, Jason

Silverstein and David

Shorenstein of Silvershore Properties.

Mr. Terzi was represented by

RKF’s Marc Finkel.

JTRE is commencing the marketing of the vacant property today. Mr. Terzi wouldn’t disclose the asking

rent.

“We had 72 hours to take down the deal and we did it,” Mr. Terzi said.