Keeco Leases 26170 Square Feet At 386 5th Ave New York With Hilson Management Corp As Landlord
LEASED
New York
See Similar DealsOffice26,170 SF
LEASED
Keeco Leases 26170 Square Feet At 386 5th Ave New York With Hilson Management Corp As Landlord
386 5th Ave, New York, NY, 10018
See Similar DealsOffice26,170 SF
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:26,170 SF
Transaction Type:Lease
The property involved in this transaction is a 26,170-square-foot office space located at 386 5th Ave, New York, NY, 10018. It is situated in the New York market and is leased at an asking rent of approximately $50 per square foot.
Summary of transaction details:
- Property Type: Office Lease
- Transaction Amount: Not disclosed
- Tenant: Keeco
- Landlord: Hilson Management Corp
- Tenant's Representative: Evan Margolin-JLL
- Landlord's Representatives: Jeffrey Buslik-Adams & Co., Jay Dispalto-Adams & Co., Jeff Buslik
The tenant, Keeco, is a home textile supplier relocating from its previous location at 295 Park Avenue. The lease negotiations involved Adams & Co., which represented Hilson Management Corp., while Evan Margolin from JLL represented Keeco. This transaction took place during the first quarter of 2021.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,500,048.61
Total Lease Value
$15,000,486.08
Net Landlord Cash Flow$1,500,048.61
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