Kiko Milano Secures Long-Term Retail Lease At 430 West Broadway Manhattan For $300 Per Ft

The asset involved in this transaction is a retail space located at 430 West Broadway in Soho, Manhattan. The property is part of a new retail and boutique office development by United American Land, designed by Morris Adjmi Architects. The asking rent for the space is $300 per square foot, and it encompasses an area of 1,850 square feet. The lease type for this transaction is a Single Net Lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $300/ft
• Square Footage: 1,850
• Address: 430 West Broadway
• Market: Soho, Manhattan
• Landlord: Laboz Family
• Landlord's Representative: Roy Dervich
• Tenant: Kiko Milano
• Tenant's Representatives: Bob Gibson & Alexandra Sanoulis - JLL

Kiko Milano has secured a long-term retail lease for its US flagship location, which reflects the growing demand for high-profile retail spaces. The lease was facilitated by representatives Bob Gibson and Alexandra Sanoulis from JLL, highlighting their involvement in securing this prominent retail deal. The landlord, Laboz Family, is represented by Roy Dervich, who played a crucial role in these negotiations. The building currently has only two retail divisions remaining, making this lease significant in the ongoing development of the area.