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Brooks Brothers Signs 10-Year Lease At 195 Broadway In Financial District With Ken Ohashi
LEASED
$350
New York
See Similar DealsRetail9,871 SF
Leased 12/05/2024
LEASED
Brooks Brothers Signs 10-Year Lease At 195 Broadway In Financial District With Ken Ohashi
195 Broadway
See Similar DealsRetail9,871 SF
Leased 12/05/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:9,871 SF
Transaction Type:Lease
The property asset involved in this transaction is located at 195 Broadway in the Financial District. The asset type is retail, featuring a square footage of 9,871. The asking rent for the space is set at $350 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $350/ft
- Rentable Square Feet: 9,871
- Lease Term: 10 years
- Landlord: David Levinson - L&L Holding Company
- Tenant: Ken Ohashi - Brooks Brothers
- Landlord's Representative: Alan Schmerzler - Cushman & Wakefield
- Tenant's Representatives: Eric Gelber & Jordan Kaplan - CBRE
The lease marks Brooks Brothers' return to the Financial District, with the retailer signing a deal to establish a flagship store. This transaction aligns with the company's expansion strategy following its bankruptcy in 2020 and reflects ongoing year-over-year growth under the leadership of CEO Ken Ohashi.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,960,598.34
Total Lease Value
$39,605,983.44
Net Landlord Cash Flow$3,960,598.34
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