Whitten Morris & La Sirena Events Lease Office Space In Williamsburg, Brooklyn
LEASED
$75
New York
See Similar DealsOffice23,000 SF
Leased 06/01/2024
LEASED
Whitten Morris & La Sirena Events Lease Office Space In Williamsburg, Brooklyn
25 Kent Avenue
See Similar DealsOffice23,000 SF
Leased 06/01/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$75
Total Square Footage:23,000 SF
Transaction Type:Lease
25 Kent Avenue, located in Williamsburg, Brooklyn, was leased for a 15-year term. The office property, spanning 23,000 square feet, was leased under a Modified Gross Lease agreement with an asking rent of $75 per square foot.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- LANDLORD: Rubenstein Partners
- TENANT: La Sirena Events D.B.A. Vesper
- LANDLORD'S REP: Whitten Morris - JLL
- TENANT'S REP: Sam Seiler & Joseph Sipala - JLL
The deal involved prominent figures such as David Rubenstein, who represented Rubenstein Partners as the landlord. On the tenant side, La Sirena Events D.B.A. Vesper was represented by Sam Seiler and Joseph Sipala from JLL.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,977,519.18
Total Lease Value
$19,775,191.81
Net Landlord Cash Flow$1,977,519.18
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