The property involved in the transaction is a 20,000 SF retail building located at 149 West 46th Street in the Midtown Manhattan market. The asking rent was set at $150 per square foot, and it operates under a modified gross lease structure. The premises had been vacant since 2020 when it was previously occupied by TGIF, and it had faced a challenging leasing period lasting 3.5 years before being reintroduced to the market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Seven-figure annual rent
• Address: 149 West 46th Street
• Landlord: Roosevelt Lee
• Tenant: Kitchen & Kocktails
• Landlord's Representative: Thomas Capuano & Christopher Okada - Okada & Company
• Tenant's Representative: Cosmo Montemurro & Jarrett Sharp - Murro Realty
• Lease Type: Modified Gross Lease

The successful lease was finalized within seven months of Okada & Company's engagement with the landlord, who had begun marketing the property in April 2024. After generating significant interest and multiple offers, the property was ultimately leased to Kitchen + Cocktails, which will occupy all four floors plus the basement. This transaction highlights the effective collaboration between Okada & Company and Murro Realty, showcasing their ability to connect tenants with prime retail spaces.