Adam Justin Leases Office Space At 127 West 26th Street In Chelsea Through Broker Emilian Derguti

The property involved in this lease transaction is an office located at 127 West 26th Street in Chelsea, Manhattan. The asset encompasses a total of 4,200 square feet and is available at an asking rent of $34 per square foot. The lease term is structured for a duration of 5 years, with an optional extension for an additional 5 years. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: N/A
• Address: 127 West 26th Street
• Market: Chelsea, Manhattan
• Asking Rent: $34/ft
• Square Footage: 4,200
• Lease Term: 5 years + 5 year option
• Lease Type: Modified Gross Lease
• Landlord: Adam Justin
• Broker: Emilian Derguti - Capstone Properties

This transaction features Adam Justin as the landlord, while Emilian Derguti from Capstone Properties represents the broker in this deal. The inclusion of a 5-year option for an additional term indicates a flexible approach for potential long-term tenancy.