Elo Organization Leases Retail Space To Institut De Beauté In Garment District

The property asset involved in this transaction is located at 39-41 West 38th Street in the Garment District. It is a retail space with an asking rent of $38 per square foot and a total square footage of 2,708. The lease type is categorized as 'Other'.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $38/ft
• Address: 39-41 West 38th Street
• Market: Garment District
• Landlord: Elo Organization
• Landlord's Representative: Ken Lerner, Lazaro Rabanales & Christopher Okada - Okada & Company
• Tenant: Institut de Beauté
• Tenant's Representative: Katherine Pankevich, Owen Toland, Bernadette Brennan & Kateryna Hamanets - Serhant

Key individuals involved in this lease transaction include Jack Elo representing the landlord Elo Organization and the team from Serhant Commercial who represented the tenant, Institut de Beauté, noted for luxury hair and beauty services. The collaboration between Okada & Company and Serhant facilitated this transaction's completion.