Widdi Family Leases Retail Space To Coffee Land At 450 Grand Avenue In Brooklyn

The property asset involved in this transaction is a retail space located at 450 Grand Avenue in Brooklyn, within a highly anticipated mixed-use development in Clinton Hill. The asking rent for this space is $120 per square foot, with a total area of 1,446 square feet. The lease has a term of 10 years along with 4 months of abatement, and includes a 5-year option. It operates under a NNN lease structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $120/ft
• Address: 450 Grand Avenue
• Market: Brooklyn
• Landlord: The Widdi Family
• Tenant: Coffee Land
• Landlord's Rep: John Le Vine & Joseph DiPiazza - EXR @EXRNY
• Tenant's Rep: Richard Bailey & Steven Shamula - RJBRE
• Lease Term: 10 Years + 4 months abatement, 5-year option
• Lease Type: NNN Lease

This transaction was facilitated by John Le Vine and Joseph DiPiazza of EXR Commercial, who secured Coffee Land as the first tenant. Representing the tenant, Richard Bailey and Steven Shamula from RJBRE played a key role in the lease agreement. Additional adjacent commercial spaces with varying pricing options are also available for inquiry.