Sarku Japan Leases Retail Space From Landlord George Abizeid At JFK Airport For 10 Years

The retail asset involved in this lease transaction is located at 1-25 147th Avenue in the Jamaica market. The space being leased is 1,200 square feet and commands an asking rent of $100 per square foot. The lease is set for a term of 10 years under a Single Net Lease arrangement. The property is currently under construction and is expected to be delivered in the summer of 2026.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $100/ft
• Square Footage: 1,200
• Address: 1-25 147th Avenue
• Market: Jamaica
• Landlord: George Abizeid
• Tenant: Sarku Japan
• Broker: Richard Senior - Ripco
• Lease Term: 10 years
• Lease Type: Single Net Lease

The lease was secured by tenant Sarku Japan, represented in this transaction by Richard Senior from Ripco. The previous building on the site, noted as building 110, is currently under construction to accommodate the new tenant.