The Itzkowitz Family Leases 10,000 SF Industrial Space To LS Auto Body In Brooklyn

The property located at 173 Glenmore Avenue, Brooklyn is an industrial asset with a total square footage of 10,000. The asking rent for the lease was set at $22 per square foot. The lease is a Modified Gross Lease with a term of 10 years, indicating a stable commitment from the tenant for the duration of the agreement.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $220,000
• Address: 173 Glenmore Avenue
• Market: Brooklyn
• Landlord: The Itzkowitz Family
• Tenant: Sandy Pena - LS Auto Body & Repair Shop
• Broker: Nechama Liberow - Pinnacle Realty of New York
• Lease Term: 10 years
• Lease Type: Modified Gross Lease

The lease for the site was exclusively represented by Nechama Liberow of Pinnacle Realty of New York. The tenant, LS Auto Body & Repair Shop, is set to utilize the premises as their new and expanded headquarters, indicating growth for the business.