Wearable-tech maker Thalmic Labs near deal for first US brick-and-mortar store

Jun 07, 2018

Thalmic Labs, the Canadian wearable-tech maker known for its futuristic human-to-computer interaction products, is close to striking a deal to open its first reported U.S. retail space in a Brooklyn storefront, sources told The Real Deal.

The company is in advanced negotiations for an entire building at Lonicera Partners’ 178 Court Sreet in Cobble Hill, sources said. The company would fully occupy the two-story, 7,500-square foot building, with 50 feet of frontage — a humble presence for an international tech company.

While it’s unclear what Thalmic would be paying in rent, the average retail rent for ground floor leases on Court Street, between Atlantic Avenue and Carroll Street, currently hover at $134 per square foot, according to the Real Estate Board of New York’s biannual retail report published in April.

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