Sorella Labs Leases Office Space At 75 Greene Street In SoHo With Landlord Albert Malekan

The property involved in this lease transaction is located at 75 Greene Street in SoHo, Manhattan. The asset type is office space, with a total area of 2,500 square feet. The asking rent for this property was set at $90 per square foot, and the lease type is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $90/ft
• Address: 75 Greene Street
• Market: SoHo, Manhattan
• Landlord: Albert Malekan
• Tenant: Sorella Labs
• Landlord's Representative: Xavier Newton, Christopher Okada (@ChrisOkada) & Avery Reavill - Okada & Company
• Tenant's Representative: Elliot Zelinger & Scott Fink - Savitt Partners
• Lease Execution Time: 45 days
• Asking Rent: $90/ft
• Size: 2,500 SF
• Inquiries: 85
• Tours: 5
• Offers: 2
• Subtenant Secured: 1

The key individuals involved in this lease include representatives from both the landlord and tenant sides. Xavier Newton and Christopher Okada, along with Avery Reavill, represented the landlord Albert Malekan through Okada & Company. On the tenant's side, Elliot Zelinger and Scott Fink from Savitt Partners secured the subtenant Sorella Labs. The successful conclusion of this lease was achieved in a competitive environment, showcasing the effectiveness of the teams involved.