Walgreens Signs Lease For Retail Space At 285 Broadway In Williamsburg

Located at 285 Broadway in Williamsburg, this retail property recently completed a lease transaction. The property spans 8,000 square feet and was leased for an asking rent of $60 per square foot. The deal was finalized on October 1, 2020.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Not specified
• Tenant: Walgreens
• Landlord: Midwood - John Usdan
• Landlord's Representative: Ryan Schimel, Jason Richter, Andrew Schulman & Joseph Lembo from Capricorn Retail
• Note: The lease was completed from start to finish during the Covid-19 pandemic.

The lease transaction involved Walgreens as the tenant and Midwood, represented by John Usdan, as the landlord. Capricorn Retail, consisting of Ryan Schimel, Jason Richter, Andrew Schulman, and Joseph Lembo, served as the landlord's representatives. Despite the challenges posed by the pandemic, the deal was successfully negotiated and finalized.