The property involved in this transaction is a retail space located at 1275 3rd Ave, New York, NY 10021. This space is within a five-story mixed-use property owned by Jay Realty Corp. The asking rent for this 1,500-square-foot space was set at $250 per square foot, previously occupied by the Scoop clothing chain.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not disclosed
• Address: 1275 3rd Ave, New York, NY, 10021
• Market: New York
• Tenant: ML Fashion Group
• Landlord: Jay Realty Corp.
• Tenant's Representative: Claude Kolb (Kassin Sabbagh Realty)
• Landlord's Representative: Jeff Clarke (Landmark Resources)
• Rent/SF: $250
• Square Feet: 1,500

ML Fashion Group, launched by TV host Marcus Lemonis, will open a new store called Marcus in the fall. Lemonis is also known for his role as CEO of Camping World and as a host on CNBC's “The Profit.” The lease is for a five-year term, and Kolb represented ML Fashion Group in the negotiations, while Clarke represented Jay Realty Corp.