The Mermaid Inn Leases Retail Space In Chelsea At 225 Tenth Ave

Located in the vibrant neighborhood of Chelsea, the retail property at 225 Tenth Ave was recently involved in a lease transaction. The lease agreement was signed on November 23, 2021.

Summary of transaction details:

• Property Type: Retail
• Address: 225 Tenth Ave
• Market: Chelsea
• Tenant: The Mermaid Inn
• Landlord's Representative: Kevin Bisconti & John Roesch - Meridian Retail Leasing
• Tenant's Representative: Olivia Hwang - Gavios Realty
• Asking Rent: $150/ft.
• Square Footage: 1,200
• Lease Type: Modified Gross Lease

The Mermaid Inn, a well-known seafood restaurant, is the tenant of this retail space. Represented by Olivia Hwang of Gavios Realty, they successfully negotiated the lease agreement. The landlord's representatives, Kevin Bisconti and John Roesch from Meridian Retail Leasing, facilitated the transaction on behalf of the property owner. The lease type for this agreement is a Modified Gross Lease, providing a clear understanding of the lease terms and responsibilities for both parties involved.