William Shao Leases Industrial Space To Gilmore Fabrication In East Williamsburg For $34/ft

The property asset involved in the transaction is located at 344-346 Maujer Street, Space C, in East Williamsburg, Brooklyn. This industrial space has an asking rent of $34 per square foot and encompasses a total area of 2,400 square feet. The lease type is defined as a Single Net Lease, outlining the terms of occupancy and expense responsibilities.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $34/ft
• Address: 344-346 Maujer Street | Space C
• Market: East Williamsburg, Brooklyn
• Asset Size: 2,400 SF
• Landlord: William Shao
• Tenant: Gilmore Fabrication
• Brokers: Stephen Ligambi & Joseph Harary - Meridian Capital Group

This transaction was facilitated by brokers Stephen Ligambi and Joseph Harary, representing Meridian Capital Group. The lease arrangement is significant for the tenant, Gilmore Fabrication, as it secures a dedicated industrial space under the terms negotiated with landlord William Shao.