The Eretz Group Leases Manhattan Office At 9 East 40th Street To The Gap Partnership For $55/ft

The property asset involved in this lease transaction is located at 9 East 40th Street in Manhattan. It is classified as office space, encompassing 5,400 square feet. The asking rent for this property is set at $55 per square foot, and the lease term is established for a duration of 5 years under a Modified Gross Lease agreement.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $55/ft
• Lease Term: 5 Years
• Asset Size: 5,400 SF
• Address: 9 East 40th Street
• Market: Manhattan
• Landlord: The Eretz Group
• Tenant: The Gap Partnership
• Landlord's Representative: Steven Evans, Joseph Zalta & Emre Bozkurt - Platinum Commercial
• Tenant's Representative: Conor Desimone - CBRE

The deal involved key representatives from both the landlord and tenant sides. The landlord's interests were represented by Steven Evans, Joseph Zalta, and Emre Bozkurt from Platinum Commercial, while the tenant was represented by Conor Desimone of CBRE. Their roles were crucial in facilitating the lease agreement between The Eretz Group and The Gap Partnership.