The asset involved in this transaction is an office space located at 111 West 26th Street within the Flatiron District. The tenant, Architectural Flooring Resource, has signed a lease for 9,300 square feet of this property at an asking rent of $39 per square foot.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $39/ft
• Address: 111 West 26th Street
• Market: Flatiron District
• Landlord: Adams & Company
• Tenant: Architectural Flooring Resource
• Lease Term: Seven years
• Current Space: Doubling
• Brokers: Brett Maslin, Jack Tobin, David Levy, and Jeffrey Buslik - Adams & Company

The lease agreement allows Architectural Flooring Resource to move into a more modern office environment, significantly increasing their operational space within the sought-after Flatiron District. The deal was brokered by a team from Adams & Company, emphasizing their role in facilitating this transaction.