Stellar Management And Karten Organization Lease 586 Marketplace At 586 Gerard Avenue Bronx For 15 Years

The property involved in this transaction is a retail asset located at 586 Gerard Avenue in the Bronx market. The lease has a term of 15 years under a Modified Gross Lease structure. The asking rent for this 2,622 square foot space is set at $63 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 586 Gerard Avenue
• Market: Bronx
• Lease Term: 15 years
• Lease Type: Modified Gross Lease
• Asking Rent: $63/ft
• Landlord: Stellar Management & Karten Organization
• Tenant: 586 Marketplace
• Landlord's REP: James Famularo - Meridian Capital Group
• Landlord & Tenant's REP: Jordan Langer - Meridian Capital Group

The key individuals involved in this lease transaction include James Famularo and Jordan Langer from Meridian Capital Group, representing the landlord and both the landlord and tenant respectively. Their roles facilitated the lease agreement between Stellar Management & Karten Organization and the tenant, 586 Marketplace.