Lyle Stern Of Vertical Real Estate Leases Retail Space To Subdued At 730 Lincoln Road

The property involved in this lease transaction is located at 730 Lincoln Road, Miami Beach. It is categorized as a retail asset and encompasses a total square footage of 2,900. The asking rent for the property is set at $250 per square foot, and the lease type is classified as a NNN lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $725,000
• Address: 730 Lincoln Road
• Market: Miami Beach
• Landlord: Lyle Stern - Vertical Real Estate
• Tenant: Subdued
• Tenant's Representative: Isabel Solmonson Cohen & Michael Leifer - Runyon New York
• Lease Type: NNN Lease
• Square Footage: 2,900
• Asking Rent: $250/ft

The deal was facilitated by Lyle Stern representing the landlord, while the tenant, Subdued, was represented by Isabel Solmonson Cohen and Michael Leifer from Runyon New York. Notably, this transaction marks the establishment of Subdued's first store in Florida, expanding its operations beyond its existing locations across Europe, Asia, and the United States.