Pat's Exotic Beverages Leases 2120 Square Feet At 1215 Spofford Avenue In Bronx

This industrial asset, located at 1215 Spofford Avenue in the Bronx, has a leased area of 2,120 square feet. The modified gross lease has been signed with an asking rent of $35 per square foot. The lease term is for 7 years, facilitating operations for the tenant Pat's Exotic Beverages.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $35/ft
• Square Footage: 2,120
• Address: 1215 Spofford Avenue
• Market: Bronx
• Lease Term: 7 Years
• Lease Type: Modified Gross Lease
• Landlord: MHANY Management, Hudson Companies & Gilbane Development Company
• Tenant: Pat's Exotic Beverages
• Brokers: Jon Kamali, Justin Kamali & Jeremy Kamali - J3K Real Estate

J3K Real Estate, representing the landlords, has successfully facilitated this lease, which is part of a broader initiative to support local food entrepreneurs in the Bronx. The tenant, Pat's Exotic Beverages, joins other tenants at The Peninsula, enhancing the area's reputation as a hub for culinary innovation.