Authentic Brands Group Expands Retail Space At 1411 Broadway In Midtown Manhattan For $75/SF

The asset involved in this transaction is a retail space located at 1411 Broadway in Midtown Manhattan. The lease agreement involves an asking rent of $75 per square foot for a total space of 100,000 square feet.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $75/ft
• Address: 1411 Broadway
• Market: Midtown Manhattan
• Landlord: Nathalie Palladitcheff - Ivanhoe Cambridge & Connor Kidd - Swig Co
• Tenant: Jamie Salter - Authentic Brands Group
• Landlord's Representative: Emily Jones Chabrier, Neil King, Paul Amrich & Shay Kenney - CBRE
• Tenant's Representative: Michael Beyda - Benchmark Properties
• Total Space: 100,000 square feet
• Expansion Size: 25,000 square feet

The deal features Jamie Salter, representing Authentic Brands Group as the tenant, while the landlords, a venture of Ivanhoe Cambridge and Swig Co., are represented by a team from CBRE. The transaction signifies a strategic expansion for Authentic Brands Group, highlighting its continued growth within the retail sector.