The Project for Empty Space, a multifaceted arts organization, has signed a five-year lease for a 2,500-square-foot gallery and artist incubator space at Ironside Newark in Newark. The lease was finalized with an asking rent of $36.70 per square foot, resulting in a total lease value of approximately $91,750. The property is located at 110 Edison Place in the Newark market. Edison Properties, represented by Lenny Lazzarino, serves as the landlord in this transaction.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $91,750
• Address: 110 Edison Place, Newark
• Market: Newark

The Project for Empty Space is led by Jasmine Wahi and Rebecca Pauline Jampol. They aim to provide safe spaces for artistic innovation and public engagement, making this lease a significant step in their mission. Ryan Starkman, from Pierson Commercial, acted as the broker representing the tenant, ensuring a smooth negotiation and deal closure.