Roy Lee Leases Retail Space At 40 West 37th Street To GS Blow Dry Bar In Midtown South

The property asset involved in this lease transaction is located at 40 West 37th Street in Midtown South, Manhattan. The retail space measures 2,200 square feet with a 10-year lease term. The asking rent is $90 per square foot. The retail space includes 1,000 square feet on the mezzanine and 1,100 square feet in the basement, featuring 18-foot ceilings, suitable for a high-end salon experience.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $90/ft
• Address: 40 West 37th Street
• Market: Midtown South, Manhattan
• Landlord: Roy Lee
• Tenant: GS Blow Dry Bar
• Lease Term: 10 Years
• Landlord's Representative: Christopher Okada, Elena Ivanova & Avery Reavill - Okada & Company
• Tenant's Representative: Norman Bobrow & Co Inc.

The deal showcases the expertise of Okada & Company, represented by Christopher Okada, Avery Reavill, and Elena Ivanova. They successfully secured GS Blow Dry Bar as a new tenant for the retail space, highlighting their proficiency in the New York retail market. Additional mention is made of the potential this location holds for a luxurious salon experience.