Mattoni Group buys two commercial units for a total of $10.5 million
Mattoni has leased three of the four spaces with the last one being 3,346 sqft that is still available for lease.
Asking rents for the last space is averaging about $100 per square foot, triple net.
Their plan is to create a triple-net credit tenant environment and hold it for a very long time, retail and restaurant rents in the Design District and on Lincoln Road are much higher
They still think there is a lot of rent growth in the area.