The L Effect Leases Retail Space At 217 South 3rd Street In Brooklyn For $45/ft

The property asset involved in the transaction is located at 217 South 3rd Street in Brooklyn. This retail property was leased at an asking rent of $45 per square foot and has a total square footage of 700. The lease type is a Single Net Lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $45/ft
• Address: 217 South 3rd Street
• Market: Brooklyn
• Landlord: Shaye Stuhl
• Tenant: The "L" Effect
• Landlord's Rep: James Famularo, Jordan Langer & Craig Adamson - Meridian Capital Group
• Tenant's Rep: Will Sine - Meridian Retail Leasing

The deal involved key representatives: Landlord's representatives from Meridian Capital Group include James Famularo, Jordan Langer, and Craig Adamson, while the tenant was represented by Will Sine from Meridian Retail Leasing. This team facilitated the transaction for both parties, ensuring a successful lease agreement was reached.