MEI is pleased to announced the closing of a 5-year lease transaction with a national retailer on the ground floor of 1301-1309 Montana Avenue. Chelsea Novelli and Dennis Dillon of MEI represented the Landlord in the transaction and secured six offers for the multi-tenant commercial property, at and above asking rental terms for the space. The suite was leased to Charleston Shoe Company above asking rent on a long-term deal with a corporate guaranty. The established luxury retailer will be an excellent addition to the mixed-use asset and a great addition to the line of luxury and boutique retailers on Montana Avenue. The multi-year lease at the property was negotiated at terms exceeding the owner’s expectations and featured annual increases on an as-is deal.