Joseph Nazar Leases 10,000 SF Office Space To Murray Hill Wine Storage In Midtown South

The property involved in this transaction is located at 124 West 36th Street, situated in the Midtown South market. It is an office asset type, with a leasing square footage of 10,000 SF and an asking rent of $30 per foot on a modified gross lease basis. The landlord of the property is Joseph Nazar, who recently acquired the 30,000 SF building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $30/ft
• Square Footage: 10,000 SF
• Address: 124 West 36th Street
• Market: Midtown South
• Landlord: Joseph Nazar
• Tenant: Murray Hill Wine Storage
• Brokers: Avery Reavill, Alex Fleischman & Christopher Okada - Okada & Company
• Lease Type: Modified Gross Lease

Okada & Company facilitated this lease, successfully increasing the property’s occupancy from 50% to 83% within 60 days of assignment. The transaction was significant as it helped fill the building after the landlord's recent purchase.