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TQ Ventures Signs 10-Year Lease For 7,415 Square Feet At 96 Spring Street In Soho
LEASED
New York
See Similar DealsOffice7,415 SF
Leased
LEASED
TQ Ventures Signs 10-Year Lease For 7,415 Square Feet At 96 Spring Street In Soho
96 Spring Street
See Similar DealsOffice7,415 SF
Leased
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:7415 SF
Transaction Type:Lease
The property asset involved in this transaction is an office space located at 96 Spring Street, Soho, Manhattan. It encompasses a total area of 7,415 square feet and is represented within the office market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 96 Spring Street
- Market: Soho, Manhattan
- Lease Term: 10 years
- Landlord: John Usdan - Midwood Investment & Development
- Tenant: Schuster Tanger, Andrew Marks & Scooter Braun - TQ Ventures
- Landlord's Representative: Brent Ozarowski & Kevin Sullivan - Newmark
- Tenant's Representative: Gabe Marans & Maxine Rosen - Savills
TQ Ventures signed the lease to relocate its New York headquarters and expand its footprint by approximately 70 percent. The deal involves key representatives such as Brent Ozarowski and Kevin Sullivan for the landlord, while the tenant is represented by Gabe Marans and Maxine Rosen.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$425,023.33
Total Lease Value
$4,250,233.25
Net Landlord Cash Flow$425,023.33
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