Cohen Capital MGMT & Salamon Acquisitions Lease Office In Midtown South To SDGi For $49/ft

The property asset involved in this transaction is an office space located at 242 West 38th Street in Midtown South. It features a total square footage of 2,700 and is leased under a Modified Gross Lease at an asking rent of $49 per square foot. The lease term for this asset is six years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Landlord: Cohen Capital MGMT & Salamon Acquisitions
• Tenant: SDGi
• Brokers: JD Cohen, Ariel Harwood & William (Billy) Cohen - Newmark
• Asking Rent: $49/ft
• Lease Term: 6 Years
• Lease Type: Modified Gross Lease

The key individuals involved in this transaction are JD Cohen, Ariel Harwood, and William (Billy) Cohen, who represent the landlord as brokers from Newmark. Cohen Capital MGMT is actively seeking more value-add office opportunities, indicating interest in expanding its property portfolio.