Newmark has been appointed exclusive leasing agent for 130 Mercer, the Scholastic Building in SoHo, on behalf of the new owner, Empire State Realty Trust (ESRT), which paid $386 million to acquire it in a late-2025 sale-leaseback. President, New York Tri-State Region David Falk, vice chairman Peter Shimkin, executive managing director Daniel Levine and director Dylan Weisman will lead the assignment.
“Empire State Realty Trust brings a clear vision and long-term perspective to 130 Mercer and we’re proud to partner with them as the building enters its next chapter,” said Falk. “The building’s amenities will speak directly to what today’s users prioritize—performance-driven space, modern infrastructure and environments that support recruitment, retention and day-to-day productivity, all within an iconic SoHo setting.”
Located between Spring and Prince streets with frontage along both Mercer Street and Broadway, 130 Mercer has been reimagined through a significant capital investment program. Currently it has a 112,600-square-foot contiguous block availability spanning three full floors.
