120 N 6th St
Brooklyn, NY
| Location: | Brooklyn |
| Neighborhood: | Williamsburg |
| Status: | Stabilized |
| Acquisition Date: | April 2014 |
| Asset Type: | Urban Street |
| Tenant(s): | Le Labo |
| Gross Square Footage: | 7,500 |
L3 acquired 120 N 6th St in April 2014. Williamsburg had just started welcoming major national retailers like Starbucks, SoulCycle, Madewell and Sweetgreen and construction for the Whole Foods on Bedford Ave had just begun. Located at the corner of N 6th and Berry Streets, 120 N 6th St was purchased as a Sale-Leaseback. In 2015, L3 signed a new lease for the entire building with Le Labo, a New York-based perfumery owned by Estee Lauder. L3 worked closely with Le Labo to redevelop the property into a historically-inspired two-story building with a full basement and rooftop penthouse to serve as the company’s flagship retail and corporate headquarters. The project was completed in 2016.
Property Highlights
- 125 ft of wraparound frontage
- Former warehouse that was renovated with a brand new façade, glass storefront, and reclaimed wood to give it a true “jewel box” presence as well as new systems, elevator and eggress
- Prime corner retail/mixed-use opportunity in the heart of the fastest growing submarket in the country
- Nearby tenants included Gant, Rituals, Lululemon, Vans, Madewell, Maje, and Urban Outfitters
