Harumi Market Leases Retail Space At 5 West 14th Street For 10 Years At $150/ft

This retail lease transaction involves an asset located at 5 West 14th Street in the Union Square market. The property has a total square footage of 2,030 and is leased for a term of 10 years under a Modified Gross Lease, with an asking rent of $150 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $150/ft
• Lease Term: 10 years
• Lease Type: Modified Gross Lease
• Landlord: The Parker Gramercy Co-op Board
• Landlord's Representative: Ben Biberaj - IPRG Retail Leasing & Desi Avidane - Investment Property Realty Group
• Tenant: Harumi Market
• Tenant's Representative: Shiyun Shang & Sunanne Zhu - Alignment Realty

In this deal, the landlord was represented by Ben Biberaj and Desi Avidane, while the tenant was represented by Shiyun Shang and Sunanne Zhu. The collaboration between these representatives facilitated the terms of the lease agreement for the retail space.