Hudson Companies Leases Office Space At 902 Broadway Manhattan For $75 Per Foot

The property asset involved in the transaction is located at 902 Broadway in Manhattan, featuring an office space with a total square footage of 18,500. The asking rent for the space was set at $75 per square foot, and the lease term agreed upon is 12 years, structured as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,387,500 (assuming the full lease value)
• Address: 902 Broadway
• Market: Manhattan
• Landlord: Koeppel Rosen
• Tenant: Hudson Companies
• Landlord's Rep: Max Koeppell - Koeppell Rosen
• Tenant's Rep: Zoe Snow, Daria Ghasemi & Ben Waller - ABS Partners Real Estate
• Lease Type: Modified Gross Lease
• Lease Term: 12 Years

The individuals involved in the deal comprise the landlord's representative, Max Koeppell from Koeppel Rosen, and tenant's representatives Zoe Snow, Daria Ghasemi, and Ben Waller from ABS Partners Real Estate. The tenant selected this property for its exceptional accessibility and neighborhood appeal, with the opportunity being sourced closely with Koeppel Rosen before it was brought to market.