Buyer must have good credit and be financially strong in order to qualify for lease assignment
Further, under the lease assignment
many items of equipment will be transferred by Gelson's to the assignee and it also agreed to pay the assignee a lease assignment
fee of USD1.9m and additional closing costs are expected to be between USD300,000 and USD400,000.
RKF recently arranged the retail lease assignment
, including approximately 9,000 s/f on two floors, in the Credit Suisse Building on the southeast corner of 25th Street.
* Represented both the landlord, TD Bank, and the lessee, Hudson City Savings Bank, in the negotiation of a 2,400 s/f lease assignment
at 779 Franklin Turnpike in Franklin Lakes, NJ.
Michelle Stone, managing director at Sinvin Realty, was the sole broker in the lease assignment
and represented ?What If!
Zezas, SIOR, president and CEO of Real Estate Strategies Corporation, announced that the company completed a lease assignment
for Odyssey Pharmaceuticals, Inc., a subsidiary of PLIVA, Inc.
Clarke's in a lease assignment
for the 7,700-square-foot restaurant space at 44 West 63rd Street in the Empire Hotel from Iridum.
CRESA Partners has arranged a lease assignment
that enables Pfizer Inc.
NEW LEASE OR LEASE ASSIGNMENT
AVAILABLE FROM LANDLORD.
"As landlord, we have been contributing in excess of $35 per square-foot to help facilitate this lease assignment
, which makes 44 Wall Street an extremely exciting package."
Exclusive agency agreements entered into between brokers and tenants typically contemplate the payment of a commission to the agent only for a sublease, lease assignment
or lease termination or a similar disposition of the space.
Asset sale with lease assignment
. True turn-key opportunity.