James Nicholson Leases Retail Space To Pilates Addiction At 117 West 72nd Street For 10 Years

This retail asset is located at 117 West 72nd Street in the Upper West Side market. It encompasses a leased space of 1,300 square feet, with an asking rent of $72 per square foot. The lease agreement established is a Modified Gross Lease, and the lease term is set for 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $72/ft
• Square Footage: 1,300 SF
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Landlord: James Nicholson - Sterling West
• Tenant: Pilates Addiction
• Landlord's Representative: Neil Zaken & Kevin Loh - Compass

Representing the Landlord, The Zaken Team successfully executed the lease in under 90 days, highlighting their strategic marketing and disciplined execution approach to delivering results in commercial asset leasing.