NEW YORK, Sept. 22, 2025 – JLL Capital Markets announced today it has arranged the $25 million sale of 149 Spring St., an eight-story, 19,000-square-foot mixed-use residential and retail property located in the SoHo neighborhood of Manhattan.

JLL arranged the sale on behalf of New York City-based real estate development firm EMP Capital. Creed Equities, a private family-run investment firm based in New York City, was the buyer.

The ground floor features 2,254 square feet of vacant retail space, offering the opportunity to attract a world-recognized brand to one of New York City’s top retail corridors. Piombo, a sportswear brand owned by Italian apparel giant OVS, previously occupied the space.

149 Spring St. is nestled within one of the nation’s most coveted retail corridors occupied by luxury global brands such as Jacquemus, Gucci, Celine and Saint Laurent, as well as trendy boutiques and international chains. The property is within walking distance of several subway stations, providing easy access across Manhattan and the boroughs.

A JLL team including Michael Mazzara, Ethan Stanton, Brendan Maddigan, Steve Rutman, Guthrie Garvin and Hall Oster arranged the sale.

In its second quarter Manhattan retail outlook, JLL found that SoHo retail rents increased 9% from the same time last year to an average of $351 per square foot. Soho is also ranked among the top U.S. destinations for new luxury store openings with nearly 40,000 square feet of newly opened luxury retail recorded in the year since July 2024.

JLL is a leader in the New York tri-state commercial real estate market, with more than 4,800 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.

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