Joseph Nazar Leases Retail Space To Sullivan Medical In Garment District For $40 Per Square Foot

The property asset involved in this transaction is located at 124 West 36th Street in the Garment District. This retail space has a square footage of 5,100 and is leased under a Modified Gross Lease format with an asking rent of $40 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $204,000
• Address: 124 West 36th Street
• Landlord: Joseph Nazar
• Tenant: Sullivan Medical
• Landlord's Representative: Avery Reavill, Alex Fleischman & Christopher Okada - Okada & Company
• Tenant's Representative: John Roesch & Mariko Tanaka - Meridian Capital Group
• Lease Type: Modified Gross Lease
• Market: Garment District

The deal involved several key individuals and companies, with Joseph Nazar acting as the landlord and Sullivan Medical as the tenant. The landlord was represented by the team from Okada & Company, which includes Avery Reavill, Alex Fleischman, and Christopher Okada. On the other side, the tenant was represented by John Roesch and Mariko Tanaka from Meridian Capital Group.