Extell Development Leases Multifamily Space To The Learning Experience At Hudson Piers

The multifamily asset located at 159 Alexander Street in the Hudson Piers market of Yonkers was leased to The Learning Experience. The lease agreement was established for a space of 11,183 square feet at an asking rent of $55 per square foot. This transaction is classified as a Single Net Lease.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $615,565
• Address: 159 Alexander Street - Hudson Piers
• Market: Yonkers
• Landlord: Extell Development
• Tenant: The Learning Experience
• Landlord's Representative: Jeffrey Lopez & Steve Lorenzo - Lee & Associates
• Tenant's Representative: Nick Vanella - The Learning Experience

The deal was represented by Jeffrey Lopez and Steve Lorenzo for Extell Development, while Nick Vanella represented The Learning Experience. These representatives facilitated the terms and negotiations for the lease agreement between the landlord and tenant.