Red Door Community Leases Office Space At 114 West 26th Street In Chelsea For 7 Years

The asset involved in the transaction is an office space located at 114 West 26th Street in Chelsea, Manhattan. The property spans a total area of 9,300 square feet and is under a lease agreement with an asking rent of $37 per square foot. The lease term established for this transaction is seven years, categorized as a Full Service Gross lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $37/ft
• Lease Term: 7 years
• Lease Type: Full Service Gross
• Address: 114 West 26th Street
• Market: Chelsea, Manhattan
• Landlord: Dan Colin Properties & Jal Colin Properties
• Tenant: Red Door Community
• Landlord's Representatives: Joel Kubie & Michael Beyda - Benchmark; Jeff Buslik - Adams & Co.
• Tenant's Representatives: Carri Lyon & Jenna Catalon - Cushman & Wakefield
• Square Footage: 9,300

Carri Lyon and Jenna Catalon, representing Red Door Community, facilitated the lease transaction. Red Door Community is a non-profit organization dedicated to providing care and services to individuals battling cancer and is relocating to occupy a full floor in Chelsea.