JEMB Realty Leases 2500 SF To MooMoo At Herald Tower In Midtown South For 10 Years

The property asset involved in this transaction is a mixed-use facility located at 50 W 34th Street in Herald Tower, within the Midtown South market. The lease agreement has an asking rent of $600 per square foot for a total area of 2,500 square feet. This lease has a term of 10 years and is classified as a modified gross lease.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $600/ft
• Square Footage: 2,500
• Address: 50 W 34th Street- Herald Tower
• Market: Midtown South
• Landlord: JEMB Realty
• Tenant: MooMoo
• Landlord's Rep: Patrick Smith, Matt Ogle - JLL & Corey Zolcinski
• Tenant's Rep: Jeremy Banilevi & Cory Zelnik - Zelnik & Company
• Lease Term: 10 years
• Lease Type: Modified Gross Lease

This deal involved several key individuals and firms. The landlord, JEMB Realty, was represented by Patrick Smith, Matt Ogle from JLL, and Corey Zolcinski. The tenant, MooMoo, was represented by Jeremy Banilevi and Cory Zelnik from Zelnik & Company.