A|X Armani Exchange Signs Sublease For SoHo Retail Space At 536 Broadway In Deal Facilitated By JLL
LEASED
New York
See Similar DealsRetail10,000 SF
Leased 10/25/2022
LEASED
A|X Armani Exchange Signs Sublease For SoHo Retail Space At 536 Broadway In Deal Facilitated By JLL
536 Broadway, New York City, New York 10012, United States
See Similar DealsRetail10,000 SF
Leased 10/25/2022
Summary
NEW YORK
Asset Type:Retail
Total Square Footage:10,000 SF
Transaction Type:Lease
The retail property located at 536 Broadway in SoHo has recently been leased. The landlord of the property is Michael Shvo, and the tenant is A|X Armani Exchange. The lease terms indicate that it is a sublease that runs through March 2029. The asking rent for the property was $300 per square foot, and it offers a total of 10,000 square feet of space.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 536 Broadway
- Market: SoHo
- Landlord: Michael Shvo
- Tenant: A|X Armani Exchange
- Broker: Bob Gibson - JLL
- Asking Rent: $300/ft.
- Square Footage: 10,000
- Lease Terms: Sublease through March 2029
The deal was facilitated by Bob Gibson from JLL, who represented the tenant, A|X Armani Exchange, in the lease agreement.
Players
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$573,193.97
Total Lease Value
$5,731,939.66
Net Landlord Cash Flow$573,193.97
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