The asset involved in this transaction is a retail property located at 50 West 57th Street in Midtown Manhattan, encompassing 9,600 square feet. The property will accommodate Le Colonial, a French-Vietnamese restaurant, and includes a dining space with 215 seats along with an office on the seventh floor. The lease has been established for a duration of 15 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 50 West 57th Street
• Market: Midtown Manhattan
• Landlord: Steven Roth - Vornado Realty Trust
• Landlord: Richard LeFrak - LeFrak Organization
• Tenant: Rick Wahlstedt & Frederick Lesort - Le Colonial
• Lease Term: 15 years

Key individuals involved in this transaction include Steven Roth and Richard LeFrak as the landlords representing Vornado Realty Trust and LeFrak Organization, respectively. Rick Wahlstedt and Frederick Lesort represent Le Colonial in this deal as tenants returning to the Midtown Manhattan area.