Commercial Real Estate

KPG signs long-term ground lease for 57K sf at 132 West 14th Street

1 month ago   |   By The Real Deal New York

A Salvation Army building in Greenwich Village will be redeveloped into contemporary offices by KPG Funds. The Soho-based firm, whose business model is to purchase aging but architecturally significant buildings and convert their Class B and C office space into Class A, signed a 99-year ground lease Wednesday for 132 West 14th Street with the Salvation Army. With 75 feet of frontage, the lobby of the aptly named “Le Gallerie” will also serve as an
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