Lucid Trading Signs Modified Gross Lease For 8,263 SF Office At 260 Spring Street In Manhattan

The property asset involved in this lease transaction is located at 260 Spring Street in Manhattan. It is classified as an office asset offering a total square footage of 8,263. The asking rent for this space is set at $85 per square foot, reflecting the market conditions at the time of the deal. The lease type is a Modified Gross Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $85/ft
• Square Footage: 8,263
• Address: 260 Spring Street
• Market: Manhattan
• Landlord: StorageMart
• Tenant: Lucid Trading
• Landlord's Representative: Jared Rutledge - Colliers
• Tenant's Representative: Thomas Higgins - Douglas Elliman

This lease transaction involves key representatives from both sides. Jared Rutledge of Colliers represents the landlord, StorageMart, while Thomas Higgins of Douglas Elliman represents the tenant, Lucid Trading, ensuring all contractual obligations are met effectively during the lease agreement.