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The assignment
The assignment involved leasing the 2,000-square-foot retail space at 114 Chestnut Street in Philadelphia’s Old City neighborhood. The property offered an opportunity for a restaurant operator seeking a location in one of Philadelphia’s established commercial and historic districts.
Billy's role
Billy Creagh of National Realty Commercial represented both sides in the transaction at 114 Chestnut Street.
The outcome
The 114 Chestnut Street restaurant space was leased to Il Gusto Restaurant under a 10-year triple-net agreement. The completed transaction established a new restaurant tenancy at the property and adds to Billy’s Philadelphia restaurant leasing portfolio, with representation of both sides provided throughout the transaction.
Supporting coverage
Traded link for full deal -
Deal at a glance
LOCATION
114 Chestnut St, Philadelphia PA 19106PROPERTY TYPE
Restaurant / retailLEASE TERM
10 years | NNNBROKER
Billy Creagh
