Mactaggart Family Leases Office Space At 555 West 25th Street To Frontier Kemper Constructors

The property involved in the transaction is an office asset located at 555 West 25th Street in the Chelsea market. The total square footage of the space is 9,055, and it was leased at an asking rent of $52 per square foot. The lease is structured as a Single Net Lease with a term of 5 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $52/ft
• Lease Term: 5 Years
• Lease Type: Single Net Lease
• Landlord: Mactaggart Family
• Tenant: Frontier Kemper Constructors
• Landlord's Rep: Michael Segerman & Roy Abraham - Current Real Estate Advisors
• Tenant's Rep: Justin Myers & Dennis Someck - Lee & Associates

Key individuals involved in the deal include Michael Segerman and Roy Abraham representing the landlord, Mactaggart Family, while Justin Myers and Dennis Someck represent the tenant, Frontier Kemper Constructors. Their roles highlight the collaborative effort in facilitating this office lease transaction.