Elevate Soho Cannabis & Dormitory Authority Lease Retail Space In SoHo

The retail property located at 481 Broadway in SoHo, Manhattan was involved in a lease transaction. The asset, spanning 3,100 square feet, was leased for an asking rent of $275 per square foot. The landlord of the property is Krim & Krim Law Firm, while the tenants are Elevate Soho Cannabis and the Dormitory Authority of the State of New York, represented by Chris Webber. The landlord was represented by Caleb Petersen and Aric Trakhtenberg of Newmark, and the tenant was represented by Robert Bonicoro of CBRE.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not Applicable
• Address: 481 Broadway, SoHo, Manhattan
• Market: SoHo, Manhattan
• Tenants: Elevate Soho Cannabis & Dormitory Authority Of The State Of New York - Chris Webber
• Landlord: Krim & Krim Law Firm
• Landlord's Rep: Caleb Petersen & Aric Trakhtenberg - Newmark
• Tenant's Rep: Robert Bonicoro - CBRE
• Asking Rent: $275/ft
• Lease Type: Retail Lease

The transaction involved notable individuals such as Caleb Petersen and Aric Trakhtenberg from Newmark, representing the landlord, and Robert Bonicoro from CBRE, representing the tenant. The deal highlighted the collaborative effort between the legal teams representing both parties, ensuring a successful lease agreement for the retail space in SoHo.