Corner Bistro Leases Retail Space At 94 Avenue A In East Village Manhattan For $100/ft

The transaction involves a retail lease located at 94 Avenue A in the East Village, Manhattan. The asset encompasses a leased space of 6,000 square feet with an asking rent of $100 per square foot. The lease type is a modified gross lease.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $600,000
• Landlord: Penn South Capital
• Tenant: Corner Bistro
• Landlord's Representative: Andrew Stern, Ravi Idnani & Julia Singer - Newmark
• Tenant's Representative: Joshua Singer & Nick Marshall - The Heller Organization

The deal features a notable representation from Newmark, which facilitated the transaction for Penn South Capital, while The Heller Organization represented the tenant, Corner Bistro, in this prominent retail deal. The lease reflects a collaborative effort among the involved parties to bring Corner Bistro to the East Village.