Mark Geragos Leases Retail Space At 256 5th Avenue To Madman Espresso For $240/ft

This lease transaction involves a retail asset located at 256 5th Avenue in the NoMad market. The asking rent for the space is $240 per square foot, encompassing a total area of 750 square feet. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $240/ft
• Lease Type: Modified Gross Lease
• Landlord: Mark Geragos
• Tenant: Madman Espresso
• Landlord's Representative: Alec Namdar - Meridian Capital Group
• Tenant's Representatives: Samuel Riabkov & Jonathan Goldberg - Metropolitan Property Group

The negotiation of this lease involved key representatives from the respective parties, with Alec Namdar from Meridian Capital Group acting on behalf of the landlord, Mark Geragos, and both Samuel Riabkov and Jonathan Goldberg from Metropolitan Property Group representing the tenant, Madman Espresso.