Jack Shainman Acquires Retail Asset In Tribeca, Manhattan For $18.2M

The retail property located at 108 Leonard Street in Tribeca, Manhattan has been sold in a transaction. The property spans an area of 20,000 square feet and was sold for a price of $18,200,000, resulting in a price per square foot of $910. The sale was conducted between Jack Shainman as the buyer and El-Ad Group as the seller, with Art State LLC representing the buyer. The brokers involved in the transaction were Peter Braus, Cory Gahr, and Brad Schwarz from Lee & Associates.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $18,200,000
• Address: 108 Leonard Street
• Market: Tribeca, Manhattan
• Buyer: Jack Shainman
• Seller: El-Ad Group
• Buyer's Rep: Art State LLC
• Brokers: Peter Braus, Cory Gahr, and Brad Schwarz - Lee & Associates
• SF: 20,000
• PPSF: $910

The deal was finalized on 01/11/2024 and represents a significant transaction in the retail market of Tribeca, Manhattan.