Markaki retail lease at 114 Chestnut Street in 2024
Retail Lease | 114 Chestnut Street, Philadelphia | Old City
TRANSACTION
Restaurant Lease
REPRESENTATION
Tenant
SPACE
2,000 SF
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The assignment
The assignment involved securing a lease for 2,000 square feet of retail space at 114 Chestnut Street. The property offered a location in Philadelphia’s Old City neighborhood, within an established historic and commercial district.
Billy's role
Billy Creagh of National Realty Commercial represented Markaki in leasing the Old City premises. His tenant-representation role covered this Philadelphia retail lease, helping the business secure the 2,000-square-foot space at 114 Chestnut Street.
The outcome
The retail space was leased to Markaki with a published asking rent of $24 per square foot. This completed Old City lease adds to Billy’s Philadelphia retail leasing portfolio and his experience representing commercial tenants.
Supporting coverage
Deal at a glance
LOCATION
114 Chestnut Street, Philadelphia, PA 19106
PROPERTY TYPE
Restaurant / retail
ASKING RENT PSF
$24/sf
BROKER
Billy Creagh
Planning your next restaurant move?
Contact Billy Creagh of National Realty Commercial to discuss selling, buying or leasing restaurant property in Philadelphia.