Mark Ingram Atelier Expands Lease At 515 Madison Avenue In Midtown Manhattan To 10,360 SF

The property involved in this transaction is a retail asset located at 515 Madison Avenue in Midtown Manhattan. The total square footage of the property is 10,360, which includes an expansion of 2,000 square feet under a new lease agreement. The lease is structured for a duration of 20 years at a rate of $65 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $65 per square foot
• Square Footage: 10,360
• Address: 515 Madison Avenue
• Market: Midtown Manhattan
• Landlord: Jeffrey Gural, Eric Gural & Brian Steinwurtzel - GFP Real Estate
• Tenant: Mark Ingram - Mark Ingram Atelier
• Brokers: Martin McGrath - GFP Real Estate & William Grover - Newmark

The deal involves notable individuals including Jeffrey Gural, Eric Gural, and Brian Steinwurtzel as the landlords, while Mark Ingram represents the tenant. The brokerage services were provided by Martin McGrath from GFP Real Estate and William Grover from Newmark, facilitating this lease transaction.