Mure & Grand Signs Lease For Retail Space At 155 Spring Street In SoHo
LEASED
$450
Massachusetts
See Similar DealsRetail1,092 SF
Leased 03/31/2023
LEASED
Mure & Grand Signs Lease For Retail Space At 155 Spring Street In SoHo
155 Spring Street
See Similar DealsRetail1,092 SF
Leased 03/31/2023
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$450
Total Square Footage:1,092 SF
Transaction Type:Lease
The retail property located at 155 Spring Street in SoHo has been leased. The transaction was facilitated by KPG Funds, the landlord, and Mure + Grand, the tenant. The landlord was represented by Richard Skulnik, Ben Sabin, and Lindsay Zegans from Ripco, while Jack Hamadani from KSR acted as the tenant's representative.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $450/ft
- Square Footage: 1,092 SF
- Address: 155 Spring Street
- Market: SoHo
Notable details include an asking rent of $450 per square foot for a total of 1,092 square feet of retail space. KPG Funds served as the landlord in this transaction, with Richard Skulnik, Ben Sabin, and Lindsay Zegans from Ripco representing them. Mure + Grand, the tenant, was represented by Jack Hamadani from KSR.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$563,335.03
Total Lease Value
$5,633,350.29
Net Landlord Cash Flow$563,335.03
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