The property asset involved in this transaction is a retail space located at 40 West 57th Street in the Midtown market. This retail space encompasses a total size of 25,000 square feet, situated on the 21st floor of the office building.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Landlord: Richard S. LeFrak - LeFrak
• Tenant: Damien Bertrand - Loro Piana
• Landlord's Representatives: Arkady Smolyansky, Benjamin Joseph & Howard Fiddle - CBRE; Meredith Jackness, Ray Kawas & Timothy Johnson - LeFrak Organization
• Tenant's Representatives: Neil King & Paul Amrich - CBRE

The deal involves Loro Piana, an Italian luxury fashion retailer, which is relocating from 711 Fifth Avenue to the new address of 40 West 57th Street. This transaction is facilitated by the collaboration of multiple representatives from CBRE and the LeFrak Organization, highlighting the participation of significant industry professionals in the leasing process.