The Soho gallery scene will suffer another loss next month, with Peter Blum Gallery set to shutter on September 1st. The news was announced via email on Friday.

A.i.A.
spoke with Peter Blum, who described reasons behind the abrupt closing as "no big mystery"—Swiss Army knife manufacturer Victorinox has signed an expensive new lease for the building, forcing the gallery to close up shop.

Peter Blum first opened its 99 Wooster St. flagship in 1993, but expanded to a second location in Chelsea in 2006. The newer branch at 526 West 29th St will remain open, with the exhibition "Lusia Rabbia: Drawings and Sculpture" set to open on September 13th.

In its nearly 20 years of operation, Peter Blum Soho's noteworthy exhibitions included "Louise Bourgeois: the Red Rooms" (1994), "Rudolf Steiner: Blackboard Drawings" (1998) and last year's "Kindred Spirits: Native American Influences on 20th Century Art."