SK Hospitality Group Leases 15,000 Square Feet Retail Space At 25 Broad Street In Financial District

The property involved in this lease transaction is a retail space located at 25 Broad Street in the Financial District. The asset features 15,000 square feet of space over two floors and is leased at a monthly rent of $1,000,000, which converts to an asking rent of $66.67 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,000,000 monthly rent
• Address: 25 Broad Street
• Market: Financial District
• Landlord: Regal Ventures
• Tenant: SK Hospitality Group
• Landlord's Representative: Marc Johnson, Kayla Terzi & Danny Volk - Vantage Real Estate Advisors
• Lease Type: Retail Lease

This lease transaction secured a top-tier food and beverage operator for a prominent corner in the Financial District, specifically the iconic former Bobby Van’s Steakhouse space within the historic The Broad Exchange Building.