Barings Leases Retail Space To J.Press At 340 Madison Avenue For 10 Years

The property involved in this lease transaction is a retail asset located at 340 Madison Avenue in Manhattan. The lease spans a total area of 1,657 square feet, with an asking rent set at $300 per foot. The lease term is structured for a duration of 10 years, classified as a Single Net Lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $300/ft
• Lease Term: 10 Years
• Lease Type: Single Net Lease
• Landlord: Barings
• Tenant: J.Press
• Landlord's Representative: Matt Ogle & Amanda Sujak - JLL
• Tenant's Representative: Nicholas Hein - Nomad Group

Key individuals involved in this transaction include Matt Ogle and Amanda Sujak representing the landlord Barings, while Nicholas Hein acts on behalf of the tenant J.Press through Nomad Group. Their expertise and roles are critical in facilitating this lease agreement.