Kyma Leases 10,000 SF Retail Space At 23 Grand Street SoHo With Thor Management

A retail space at 23 Grand Street in SoHo, Manhattan, totaling 10,000 square feet with an asking rent of $90 per square foot under a Modified Gross Lease. Listing date: 7/31/2025.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $90 per SF
• Landlord: Joseph Sitt - Thor Management Company
• Tenant: Kyma
• Landlord's Rep: James Famularo & Jacob Mayer - Meridian Capital Group
• Tenant's Rep: Justin Bustamante - Meridian Capital Group
• Date: 7/31/2025

The deal involved Joseph Sitt of Thor Management Company as the landlord, with James Famularo and Jacob Mayer of Meridian Capital Group representing the landlord, and Kyma as the tenant represented by Justin Bustamante of Meridian Capital Group. The transaction underscores Meridian Capital Group's role in coordinating both sides of the lease.