The asset involved in this transaction is an office space located at 200 Lafayette Street in the SoHo market. The space consists of 66,000 square feet, and the landlord, AEW Capital Management, secured a tenant, A 16 Z, for a modified gross lease with an asking rent of $120 per square foot. The lease term spans over 10 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $120/ft
• Address: 200 Lafayette Street
• Market: SoHo
• Lease Term: 10 years
• Lease Type: Modified Gross Lease
• Landlord: AEW Capital Management
• Tenant: A 16 Z
• Brokers: Steven Rotter & Brett Harvey - Newmark; Hugh Scott - JLL

The deal was facilitated by brokers Steven Rotter and Brett Harvey from Newmark, along with Hugh Scott from JLL. Their involvement highlights the competitive landscape in the SoHo market as they worked to match the requirements of both the landlord and tenant in this substantial lease agreement.