Guitar Center Signs 15-Year Lease At 540 Fulton Mall, Downtown Brooklyn | 540 Fulton Mall | Benjamin "Ben" Weiner, Hymie Dweck, Abraham Dayan, Bruce Shepard | Retail | Lease

Summary

Lease

NEW YORK

Retail

19,289 sqft

The retail property located at 540 Fulton Mall in Downtown Brooklyn has been leased by Guitar Center, signing a 15-year lease for 19,289 square feet at an asking rent of $200 per square foot.

Summary of transaction details:

Property Type: Retail
Transaction Amount: Not specified
Address: 540 Fulton Mall
Market: Downtown Brooklyn
Asset Type: Retail

The landlord of the property, Jenel Real Estate, was represented by Abraham Dayan, Benjamin Weiner, and Hymie Dweck from Ripco. On the other hand, Guitar Center was represented by Bruce Shepard from TSCG in this significant 15-year lease deal.

Players

All
6

Agents
4
Agencies
2

Benjamin "Ben" Weiner

Retail Leasing Specialist

Bruce Shepard

Partner, TSCG

Ripco

TSCG (The Shopping Center Group)

Details

Deal Summary

LEASED

IMAGE: Abraham Dayan, Benjamin Weiner, Elliot Schechter, Hymie Dweck & Bruce Shepard DATE: 03/27/2024 ADDRESS: 540 Fulton Mall MARKET: Downtown Brooklyn ASSET TYPE: Retail LANDLORD: Jenel Real Estate - Elliot Schechter TENANT: Guitar Center (@GuitarCenter) LANDLORD'S REP: Abraham Dayan, Benjamin Weiner & Hymie Dweck - Ripco (@RipcoRealEstate) TENANT'S REP: Bruce Shepard (@Embasso1) - TSCG (@TSCG) ASKING RENT: $200/ft ~ SF: 19,289 LEASE TERM: 15-year lease NOTE: Guitar Center is moving from its underground space at Atlantic Terminal Mall to The Paxton at 540 Fulton Street in Downtown Brooklyn, signing a 15-year lease for 19,289 square feet.

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Address540 Fulton Mall

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