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The assignment
The assignment involved leasing the 2,400-square-foot retail space at 205-207 Chestnut Street in Philadelphia’s Old City neighborhood. The property offered an opportunity to bring a restaurant operator to a prominent commercial location within one of Philadelphia’s established historic districts.
Billy's role
Billy Creagh of National Realty Commercial represented both sides in the transaction at 205–207 Chestnut Street.
The outcome
The Old City restaurant space was leased to The Tun Tavern, operated by Montgomery Dahm, under a five-year triple-net agreement at a published asking rent of $67 per square foot. The completed transaction adds to Billy Creagh’s Philadelphia restaurant leasing and commercial real estate portfolio.
Supporting coverage
Traded link for full deal -
Deal at a glance
LOCATION
205-207 Chestnut St, Philadelphia PA 19106PROPERTY TYPE
Restaurant / retailLEASE TERM
5 Years | $67 PSFBROKER
Billy Creagh
