Hanger Clinic Joins Storage Deluxe At 81 Morgan Avenue With 10 Year Lease In Brooklyn

The property asset involved in this transaction is a retail space located at 81 Morgan Avenue in East Williamsburg, Brooklyn. The asking rent for the space is $60 per square foot, and it encompasses a total of 1,767 square feet. The lease agreement has a duration of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $60/ft.
• Lease Term: 10 years
• Landlord: Storage Deluxe
• Tenant: Hanger Clinic
• Brokers: Ryan Schimel & Andrew Schulman - Capricorn Retail Advisors
• Remaining Space: Approximately 14,000 SF available for additional tenants

Ryan Schimel and Andrew Schulman of Capricorn Retail Advisors were instrumental in facilitating this lease transaction. Their involvement highlights a growing interest in the retail sector within the Bushwick area, which is seeing new tenants like Hanger Clinic establishing a presence at Storage Deluxe's 81 Morgan Avenue location.