AR Holdings Leases Office Space To MUBI At 22 West 27th Street In Manhattan For 7 Years

The property involved in this transaction is an office asset located at 22 West 27th Street in Manhattan. The office space consists of 6,000 square feet and has an asking rent of $65 per square foot. The lease term spans 7 years and is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $65/ft
• Lease Term: 7 Years
• Lease Type: Modified Gross Lease
• Landlord: AR Holdings
• Tenant: MUBI
• Landlord's Representative: Megan Gallagher & William Janetschek - Nomad Group
• Tenant's Representative: Matthew DeRose & Nicholas Hein - Nomad Group

Nomad Group represented both sides of this transaction and is also leading the construction of MUBI’s new space. MUBI has raised over $100 million from Sequoia Capital, indicating strong momentum as it expands in New York City.