Stellar Management Leases Retail Space To The Cutting District At 1309 Lexington Avenue For $180/ft

The property asset involved in this transaction is a retail space located at 1309 Lexington Avenue in the Carnegie Hill market. The asking rent is set at $180 per square foot for a total size of 1,000 square feet. This transaction concerns a single net lease structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $180/ft
• Square Footage: 1,000
• Address: 1309 Lexington Avenue
• Market: Carnegie Hill
• Landlord: Stellar Management
• Tenant: The Cutting District
• Landlord's Representative: James Famularo & Jordan Langer - Meridian Capital Group
• Tenant's Representative: Noam Aziz & Carson Shahrabani - Meridian Retail Leasing
• Lease Type: Single Net Lease

James Famularo and Jordan Langer of Meridian Capital Group represented the landlord, Stellar Management, in this lease transaction. Noam Aziz and Carson Shahrabani, also from Meridian, represented the tenant, The Cutting District, ensuring the interests of both parties were addressed during the negotiation process.