Padel Haus Signs Modified Gross Lease For 3rd Location In Brooklyn's Greenpoint | 12 Berry Street | Duvy Biller, Richard Babeck, Max Talpalar | Retail | Lease

Summary

Lease

NEW YORK

Retail

20,000 sqft

The retail property located at 12 Berry Street in Brooklyn was leased to Padel Haus. The space spans 20,000 square feet with an asking rent of $70 per square foot.

Summary of transaction details:

Property Type: Retail
Transaction Amount: Not specified
Address: 12 Berry Street
Market: Brooklyn
Tenant: Padel Haus
Landlord's Rep: Richard Babeck, Duvy Biller & Avi Akiva - Tri State Commercial Realty
Tenant's Rep: Max Talpalar - Green Owl Real Estate
Lease Type: Modified Gross Lease

This lease deal was facilitated by Richard Babeck, Duvy Biller, and Avi Akiva from Tri State Commercial Realty representing the landlord, while Max Talpalar from Green Owl Real Estate represented Padel Haus as the tenant. The agreement was a pre-lease for a development property, secured while the property was under a purchase and sale agreement, with the location set to open in fall 2024 in the Greenpoint neighborhood.

Players

All
5

Agents
3
Agencies
2

$12.4M Sold

Tri State Commercial Realty

Green Owl Real Estate

Details

Deal Summary

LEASED

IMAGE: Richard Babeck & Avi Akiva DATE: 02/21/2024 ADDRESS: 12 Berry Street MARKET: Brooklyn ASSET TYPE: Retail TENANT: Padel Haus (@PadelHaus) LANDLORD'S REP: Richard Babeck (@BabeckTheBroker), Duvy Biller & Avi Akiva - Tri State Commercial Realty (@TriStateCommercial) TENANT'S REP: Max Talpalar (@MaxTalp) - Capricorn RE (@CapricornRetail) ASKING RENT: $70/ft ~ SF: 20,000 LEASE TYPE: Modified Gross Lease NOTE FROM LANDLORD'S REP: This deal is a pre-lease of a development property while it was under a purchase and sale agreement. The developer hired Tri State Commercial to secure a tenant while he was in the process of closing on the asset and as always, we delivered. Padel Haus' 3rd location is set to open fall of 2024 in the Greenpoint neighborhood of Brooklyn. This location will be the home to 5 state-of-the-art courts with 28-foot ceilings steps away from McCarren Park.

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Address12 Berry Street

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