News: Shopping Centers

Isa and Franco of ISA Realty Group handle three retail leases totaling 7,600 s/f

Joseph Isa,
Isa Realty Group

 

Louis Franco,
Isa Realty Group

 

Manhattan, NY Isa Realty Group has brokered three leases totaling 7,600 s/f in the borough. 

246 East 23rd Street - Manhattan, NY

In the first lease, Louis Franco and Joseph Isa of Isa Realty Group represented the landlord (517-525 West 45 LLC) of 517-525 West 45th St. in a 2,300 s/f ground floor lease to LaDuca Shoes. The lease is for a 10-year term with a two to five-year option. Anita Grossberg of Douglas Elliman represented the LaDuca Shoes.

Also at 517-525 West 45th St., Franco and Isa represented the landlord in a 1,300 s/f ground floor lease to Pet Ark. The lease is for a 10-year term with a one to five-year option. Lisa Rosenthal of Compass represented the tenant.

In the third deal, Franco and Isa represented the landlord (246 Realty Inc.) of 246 East 23rd St. in a 4,000 s/f, 15-year lease to Taco Bell. The space features 2,000 s/f on the ground floor, with a 2,000 s/f basement. The space was formerly leased to Marina Gourmet Deli. Franco and Isa also represented the tenant. 

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2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

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