Padel Haus Signs Modified Gross Lease For 3rd Location In Brooklyn's Greenpoint

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.