TF Cornerstone Leases Retail Space To Optima Salon Suites At 278 7th Avenue Manhattan

The leased asset is located at 278 7th Avenue in Manhattan, classified as a retail space. The asking rent is set at $150 per square foot for a total area of 2,388 square feet. The lease term agreed upon is 15 years, under a modified gross lease structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $150/ft
• Square Footage: 2,388 SF
• Lease Term: 15 years
• Lease Type: Modified Gross Lease
• Landlord: TF Cornerstone
• Tenant: Optima Salon Suites
• Broker Representatives: Steven E. Baker, Thomas Galo & Daniyel Cohen - RTL Real Estate

The transaction involves key individuals from RTL Real Estate, with Steven E. Baker, Thomas Galo, and Daniyel Cohen representing the landlord and tenant in this deal. These brokers facilitated the leasing process for the retail asset, ensuring the agreement met the needs of both parties involved.