Jerry Pi Leases Retail Space To Corner 86 Inc. At 86-55 Broadway For 10 Years

The property involved in this lease transaction is a retail asset located at 86-55 Broadway in Elmhurst. The space encompasses a total of 1,265 square feet and is available for an asking rent of $130 per square foot. The lease agreement has a duration of 10 years and operates under a modified gross lease structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $130/ft
• Address: 86-55 Broadway
• Market: Elmhurst
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Landlord: Jerry Pi
• Tenant: Corner 86 Inc.

Key individuals involved in the transaction include Jerry Pi, representing the landlord, and Corner 86 Inc., the tenant securing the retail space. The lease reflects a strategic agreement aimed at establishing a presence in the Elmhurst market.