George Makkos Leases Office Space To Flo Networks At 79 Mercer Street For 5 Years

The property asset involved in this transaction is an office space located at 79 Mercer Street in the Soho market. The asking rent for the 2,400 square foot space is set at $80 per square foot, and it comprises a modified gross lease with a term of 5 years.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $80/ft
• Address: 79 Mercer Street
• Market: Soho
• Lease Term: 5 Years
• Lease Type: Modified Gross Lease
• Landlord: George Makkos
• Tenant: Flo Networks
• Landlord's Representative: Jack Sash Basora - Tahari Realty
• Tenant's Representative: Michael Yadgard - Compass

This lease transaction was represented by Jack Sash Basora from Tahari Realty on behalf of the landlord, The Makkos Group, who successfully negotiated terms above the original asking rent. The tenant, Flo Networks, was represented by Michael Yadgard from Compass. Tahari Realty's extensive experience and client-first approach were highlighted as key factors contributing to the success of this lease.