D Porthault Signs Modified Gross Lease At 470 Park Avenue With Landlord Robert Brown

The property asset involved in this lease transaction is located at 470 Park Avenue, situated in the Midtown Manhattan market. It is a retail asset with a total square footage of 2,500. The asking rent for this property was set at $240 per square foot, and the lease type is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $240/ft
• Square Footage: 2,500
• Address: 470 Park Avenue
• Market: Midtown Manhattan
• Landlord: Robert Brown - Park 58 Corp
• Tenant: D Porthault
• Landlord's Representative: Ben Biberaj - IPRG Retail Leasing
• Tenant's Representative: Michael Paster - Newmark
• Lease Type: Modified Gross Lease

This lease involved two key representatives: Ben Biberaj from IPRG Retail Leasing, who represented the landlord, Robert Brown of Park 58 Corp, and Michael Paster from Newmark, representing the tenant, D Porthault. A note from Ben Biberaj states that a successful negotiation was achieved for a renewal at D Porthault's flagship location.