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Urban Umbrella Leases Industrial Space At 154 Morgan Avenue, New York City

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LEASED
$35
Rico Murtha
Gurpreet (Sonny) Singh
+ 2

New York

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Industrial22,100 SF
Leased 05/01/2023
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Property Image
LEASED

Urban Umbrella Leases Industrial Space At 154 Morgan Avenue, New York City

154 Morgan Ave Brooklyn, NY 11237, USA

See Similar Deals
Industrial22,100 SF
Leased 05/01/2023
Rico Murtha
Gurpreet (Sonny) Singh
+ 2
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$35
Total Square Footage:22,100 SF
Transaction Type:Lease

The industrial property located at 154 Morgan Avenue in New York City has been leased in a transaction involving the landlord Terreno Realty Group and sublandlord AxleHire. The tenant for this lease is Urban Umbrella, represented by Benjamin Krall. The landlord's representatives in this deal are Helen Paul, Rico Murtha, and Sonny Singh from Cushman & Wakefield. Adelaide Polsinelli and Lauren Curcio from Compass act as the tenant's representatives.

Summary of transaction details

  • Property Type: Industrial
  • Asking Rent: $35/ft
  • Square Footage: 22,100
  • Date: 05/01/2023
  • Address: 154 Morgan Avenue
  • Market: New York City

The deal involves the lease of the industrial property located at 154 Morgan Avenue. The asking rent for this property is $35 per square foot, with a total square footage of 22,100. The transaction took place on 05/01/2023 in the market of New York City.

The key individuals involved in this lease deal are Benjamin Krall, who represents the tenant Urban Umbrella, and the landlord's representatives Helen Paul, Rico Murtha, and Sonny Singh from Cushman & Wakefield. Adelaide Polsinelli and Lauren Curcio from Compass act as the tenant's representatives in this transaction.

Players

Adelaide Polsinelli
26 deals$285M volume(773) 350-8535
BROKER

Gurpreet (Sonny) Singh
Cushman & Wakefield
7 deals$12.3M volume(718) 275-5478
BROKER

Rico Murtha
Cushman & Wakefield
6 deals$80M volume
BROKER

Lauren Curcio
Compass
15 deals$14.9M volume(917) 370-9152
BROKER


Terreno Realty Corporation
LANDLORD

Details

LEASED
IMAGE: Benjamin Krall, Adelaide Polsinelli, Lauren Curcio, Rico Murtha, Helen Paul & Sonny Singh DATE: 05/01/2023 ADDRESS: 154 Morgan Avenue MARKET: New York City ASSET TYPE: Industrial LANDLORD: Terreno Realty Group SUBLANDLORD: AxleHire TENANT: Urban Umbrella - Benjamin Krall LANDLORD'S REP: Helen Paul, Rico Murtha & Sonny Singh (@Singh_Of_Queens) - Cushman & Wakefield TENANT'S REP: Adelaide Polsinelli (@PolAde2018) & Lauren Curcio (@LaurCurcio) - Compass ASKING RENT: $35/ft ~ SF: 22,100 # BenjaminKrall

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Deal Type
Effective Rent (Annual)

$886,731.06

Total Lease Value

$8,867,310.65

Net Landlord Cash Flow$886,731.06