Chai Urgent Care Signs Lease for Retail Space in The Hub, Bronx
Chai Urgent Care signs lease for 3,000 SF retail space at 380 East 149th Street in The Hub, Bronx.
Chai Urgent Care has signed a lease for a 3,000 SF retail space at 380 East 149th Street in The Hub, Bronx. The urgent care provider will be occupying the ground floor of the building, which is located in a prime retail location in the heart of The Hub. The asking rent for the space was $150 per square foot.
The landlord, Alan Jemal, is a prominent real estate investor and developer in the Bronx. He has been active in the area for over 30 years and owns a large portfolio of commercial and residential properties. Jemal was represented in the transaction by brokers Solomon Sharaby, Albert Manopla, and Jack Khaski of KSR.
The Hub is a bustling commercial district in the South Bronx that is known for its diverse mix of retail, dining, and entertainment options. The area is home to several major retailers, including Target, Best Buy, and Burlington Coat Factory, as well as numerous local businesses and restaurants.
Chai Urgent Care is a rapidly growing urgent care provider that offers a wide range of medical services to patients in the New York City area. The company currently operates several locations throughout the city and has plans to expand further in the coming years.
Overall, this lease transaction represents a significant win for both the tenant and the landlord. Chai Urgent Care will be able to establish a presence in a prime retail location in The Hub, while Alan Jemal will benefit from a stable, long-term tenant in one of his properties. The brokers involved in the deal were able to successfully negotiate a favorable lease agreement for both parties, highlighting their expertise in the commercial real estate market in the Bronx.