Adam Amsalem Of Black Spruce Management Leases Retail Space To Universal Multiservices In Lower East Side

The property asset involved in the transaction is a retail space located at 166 Allen Street in the Lower East Side market. The lease agreement consists of a Modified Gross Lease type with an asking rent of $140 per square foot for a total area of 300 square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $140/ft
• Lease Type: Modified Gross Lease
• Address: 166 Allen Street
• Market: Lower East Side
• Landlord: Adam Amsalem - Black Spruce Management
• Tenant: Universal Multiservices Enterprises Corp.
• Landlord's Representative: James Famularo - Meridian Capital Group
• Broker: Cole Kleppinger - Meridian Capital Group

The key individuals involved in this transaction include landlord Adam Amsalem representing Black Spruce Management and tenant Universal Multiservices Enterprises Corp. The transaction was facilitated by James Famularo and Cole Kleppinger, both of whom are associated with Meridian Capital Group, highlighting the collaborative effort of the brokerage team in securing the deal.