Maison Welles Leases Retail Space At 18 East 13th Street From Penn South Capital For 10 Years

The retail asset located at 18 East 13th Street in the Greenwich Village market features a total square footage of 2,200. The lease for this property was finalized at an asking rent of $150 per square foot. The lease is structured as a Modified Gross Lease and spans a term of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $150/ft
• Lease Term: 10 years
• Lease Type: Modified Gross Lease
• Landlord: Penn South Capital
• Tenant: Maison Welles
• Brokers: Ravi Idnani, Andrew Stern & Julia Singer - Newmark

The individuals involved in this transaction include Ravi Idnani, Andrew Stern, and Julia Singer from Newmark, who represented both the landlord and the tenant during the leasing process.