Besen Partners Facilitates 15-Year Retail Lease For Romeos On 118 Saint Marks Place In East Village, Manhattan

The retail property located at 118 Saint Marks Place in the East Village, Manhattan has been leased. The property, owned by 118 St. Marks Realty Corp. and represented by Michael Besen, has been leased to Romeos, with Reed Adelson serving as their tenant representative. The lease term is for 15 years. The property offers 1,100 square feet of space and the asking rent is $164 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Lease
• Address: 118 Saint Marks Place
• Market: East Village, Manhattan
• Landlord: 118 St. Marks Realty Corp. - Michael Besen
• Tenant: Romeos - Reed Adelson
• Broker: Matthew Mager - Besen Partners
• Asking Rent: $164/ft
• Square Footage: 1,100 sf
• Lease Term: 15 years

The lease transaction of the retail property at 118 Saint Marks Place was facilitated by Matthew Mager of Besen Partners, who represented Romeos in the deal. This lease agreement enables Romeos to establish their presence in the East Village market and capitalize on the vibrant retail environment in the area.