Zero Irving Leases 240000 Square Feet In Union Square Development With Landlord RAL Development Services

The property asset involved in the transaction is a mixed-use building located at 124 East 14th Street in the Union Square market of Manhattan. The asking rent for the space was set at $170 per square foot, with a total area of 240,000 square feet available for lease.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $170/ft
• Address: 124 East 14th Street
• Market: Union Square, Manhattan
• Square Footage: 240,000
• Landlord: Robert Levine - RAL Development Services & JRE Partners
• Tenant: Zero Irving
• Landlord's Representative: Benjamin Bass, Carlee Palmer, Daniel Turkewitz, Kristen Morgan & Mitchell Konsker - JLL
• Tenant's Representative: Benjamin Friedland, Joseph D’Apice & Silvio Petriello - CBRE

Zero Irving has fully leased its development, with Senator Investment Group securing the last 12,455 square feet in a 10-year lease agreement. This transaction was facilitated with key involvement from representatives from both JLL and CBRE, who managed the negotiations on behalf of the landlord and tenant respectively.