United States Postal Service Leases Retail Space At 12 Bayview Ave In Lawrence For 5,872 Square Feet

The asset involved in this transaction is a retail property located at 12 Bayview Ave, in the market of Lawrence. The total square footage of the property is 5,872 square feet. This transaction pertains to a lease renewal for the United States Postal Service (USPS), which has occupied the space for over 20 years. The lease details have been negotiated to establish a fair market value for the USPS's continued leasing of the building.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 12 Bayview Ave
• Market: Lawrence
• Tenant: United States Postal Service (USPS)
• Square Feet: 5,872.0

JLL represented the USPS in this lease renewal process, which involved a complete negotiation and valuation effort. The handling of the process transitioned from Ben Winckler to Patrick McCambridge and was finalized by Avery Claire Prasher, highlighting the collaborative effort that led to the completion of the lease renewal.