On Friday, April 19th, Cactus Holdings announced they had finalized a lease with Stumptown Coffee Roasters for a roasting and distribution facility which will supply various businesses that carry their products, including their own chain of coffee shops located throughout the city. Booth Capital represented Cactus Holdings, the landlord, in this deal, while Stumptown was represented by Good Space NYC.
A spokesperson from Cactus Holdings had this to say about the deal:
"We are very excited to add Stumptown to our family. Greg Parassio of Booth Capital really did a fantastic job on this deal in making it work for everyone involved. Stumptown is a respected company in their industry and provide excellent coffee, which New Yorkers obviously love. This relationship will bring a lot of value to the neighborhood of Ridgewood and the city at large and we're optimistic about its future."
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