New York dealer Per Skarstedt will move into a Chelsea space that formerly housed Cheim & Read, a gallery that shuttered last year after 26 years in business. Skarstedt will continue to run his Upper East Side space on East 79th Street, according to Kenny Shachter, who first reported the news in his Artnet column.

Skarstedt, whose roster includes artists like Eric Fischl, KAWS, David Salle, and Martin Kippenberger, has secured a $13.5 million deal to move into the West 25th Street gallery location. The 6,000-square-foot building, designed by architect Richard Gluckman, was listed for $15 million in May.

The move is a big change for Skarstedt, which will now be closer to many of its peers. Skarstedt also has a gallery in London.

His gallery’s expansion comes as many others are leaving Chelsea. In the past few years, many galleries have departed for Tribeca, where a sprawling network of spaces is now sited. That neighborhood currently hosts galleries such as James Cohan, Andrew Kreps, and P.P.O.W., all of whom were Chelsea mainstays before relocating downtown.

The turnover has allowed some new entrants to open up shop in the neighborhood. Kurimanzutto, David Kordansky, Nara Roesler, and others have all opened Chelsea galleries in the past five years, with Karma set to follow this week.

A Skarstedt spokesperson did not respond to ARTnews’s request for comment.