Artist opens first NYC gallery in SoHo.The internationally acclaimed artist and creator of "Mystical Expressionism expressionism, term used to describe works of art and literature in which the representation of reality is distorted to communicate an inner vision. The expressionist transforms nature rather than imitates it. ," Jamali, has leased 2,500 s/f of highly visible ground floor retail space with a lower level of 2,200 s/f, at 413 West Broadway in SoHo for his first ever New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. art gallery, Jamali Fine Art. Alan Victor, executive vice president, and Tom Duke, managing director, of The Lansco Corporation, brokered the long-term lease. Mel Zimmerman of Helmsley-Spear represented the landlord. The Jamali lease is just one of a number of recent retail lease transactions along West Broadway between Grand and Houston Streets that point to an uptick Uptick A transaction occurring at price above its previous transaction. In order for an uptick to occur, a transaction price must be followed by an increased transaction price. in retail activity in the area, which had softened dramatically after September 11, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Victor. Rental rates are on an uptick as well. Asking rent for the space that Jamali leased was $250 per square foot, but just a few years ago, asking rent in the area was around $115 per square foot. |
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