Luckin Coffee Signs Lease At 221 Grand Street In Nolita With Landlord Meng Tsai

The property asset involved in this transaction is a retail space located at 221 Grand Street in the Nolita market. The asking rent is set at $168 per square foot for a total area of 1,000 square feet. The lease type negotiated is a Single Net Lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $168/ft
• Lease Type: Single Net Lease
• Landlord: Meng Tsai
• Tenant: Luckin Coffee
• Date of Transaction: 10/17/2025
• Brokers: John Roesch & Jessica Blocker - Meridian Capital Group

The brokers representing this transaction are John Roesch and Jessica Blocker from Meridian Capital Group, who played a key role in facilitating the lease agreement between Meng Tsai and Luckin Coffee.