Edward Cohen Of Verv Capital Leases Retail Space To Canal Express At 255 Canal Street

The asset involved in this lease transaction is a retail space located at 255 Canal Street in SoHo, Manhattan. The lease is a modified gross lease with an asking rent of $270 per square foot and encompasses a total area of 800 square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $270/ft
• Address: 255 Canal Street
• Market: SoHo, Manhattan
• Lease Type: Modified Gross Lease
• Landlord: Edward Cohen - Verv Capital
• Tenant: Canal Express
• Landlord's Rep: Morris Tobias - Monday Morning MGMT
• Tenant's Rep: Joey Galvis - Nolita Group

Morris Tobias from Monday Morning MGMT represents the landlord, while Joey Galvis from Nolita Group represents the tenant in this transaction. They specialize in commercial real estate services across Manhattan and Brooklyn, assisting in structuring agreements that foster long-term value for both landlords and tenants.