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Joe & The Juice Leases 2,150 Square Feet Office In Midtown South At 205 West 28th Street

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LEASED
$200

New York

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Office2,150 SF
Leased
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Property Image
LEASED

Joe & The Juice Leases 2,150 Square Feet Office In Midtown South At 205 West 28th Street

205 West 28th Street

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Office2,150 SF
Leased
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$200
Total Square Footage:2150 SF
Transaction Type:Lease

The asset involved in this transaction is an office space located at 205 West 28th Street in Midtown South. The tenant, Joe & the Juice, has signed a lease for 2,150 square feet with an asking rent of $200 per square foot. The lease is set for a duration of 15 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $200/ft
  • Square Footage: 2,150
  • Address: 205 West 28th Street
  • Market: Midtown South
  • Landlord: Michael Kirchmann - GDS Development Management
  • Landlord: Rutger Arnhult - Corem Property Group
  • Tenant: Thomas Nørøxe - Joe & the Juice
  • Landlord's Representative: Michael Paster - Newmark
  • Tenant's Representative: Henry Rossignol - CBRE
  • Lease Term: 15-year lease

The transaction involves key individuals such as Thomas Nørøxe representing Joe & the Juice, and the landlords represented by Michael Paster from Newmark along with Rutger Arnhult from Corem Property Group. The significantly structured deal highlights the collaboration among the representatives and the parties involved in securing a long-term lease agreement.

Players

Henry Rossignol
10 deals(212) 984-6644
BROKER

Details

LEASED
IMAGE: Rutger Arnhult, Henry Rossignol, Thomas Nørøxe, Michael Paster & Michael Kirchmann DATE: 12/10/2024 ADDRESS: 205 West 28th Street MARKET: Midtown South ASSET TYPE: Office LANDLORD: Michael Kirchmann - GDS Development Management (@GDSNY) & Rutger Arnhult - Corem Property Group TENANT: Thomas Nørøxe - Joe & the Juice (@JoeandTheJuice) LANDLORD'S REP: Michael Paster (@M_Paster) - Newmark (@Newmark) TENANT'S REP: Henry Rossignol (@Henry.Rossignol) - CBRE (@CBRE) ASKING RENT: $200/ft ~ SF: 2,150 LEASE TERM: 15-year lease NOTE: Joe & the Juice signed a 15-year lease for 2,150 square feet at the base of 28&7, a newly constructed office building at 205 West 28th Street in Midtown South, with an asking rent of $200 per square foot.

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Deal Type
Effective Rent (Annual)

$492,946.81

Total Lease Value

$4,929,468.10

Net Landlord Cash Flow$492,946.81