The Balloon Museum Signs Five-Year Lease For 54,000 Square Feet At 96 South Street
96 South Street
Building Size
54,000 SF
Asset Type
Retail
Closing
Feb 23, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 96 South Street within the Seaport District. The total square footage of the property is 54,000, and it will serve as the U.S. flagship location for The Balloon Museum, which is taking over the space previously occupied by existing tenants as part of Seaport Entertainment Group's preparations for the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Lease Term: five-year
- Landlord: Matthew Partridge - Seaport Entertainment Group
- Tenant: Roberto Fantauzzi - The Balloon Museum
Matthew Partridge represents Seaport Entertainment Group as the landlord in this lease agreement, while Roberto Fantauzzi is the tenant representing The Balloon Museum in this transaction.
On the Map
Retail
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93