H&M Leases Retail Space At 16008 Jamaica Ave In Queens For $100/SF
LEASED
$100
New York
See Similar DealsRetail35,000 SF
Leased 09/23/2016
LEASED
H&M Leases Retail Space At 16008 Jamaica Ave In Queens For $100/SF
16008 Jamaica Ave, Queens, NY, 11432
See Similar DealsRetail35,000 SF
Leased 09/23/2016
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$100
Total Square Footage:35,000 SF
Transaction Type:Lease
The property located at 16008 Jamaica Ave, Queens, NY, 11432 in the Jamaica market is a retail asset spanning 35,000 square feet. The lease, finalized on 09/23/2016, involves H&M as the tenant, leasing the space from the landlord, United American Land, at a rate of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Tenant: H&M
- Landlord: United American Land
- Tenant's Rep: Ralph Chera
- Landlord's Rep: Robert (Bob) Gibson (JLL)
The deal's key individuals in this lease transaction were Ralph Chera, representing H&M, and Robert (Bob) Gibson from JLL, representing United American Land. The agreement brought together these representatives to facilitate the leasing of the retail space in the vibrant Jamaica market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,012,357.76
Total Lease Value
$40,123,577.59
Net Landlord Cash Flow$4,012,357.76
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