Full Time Management Secures 99 Year Ground Lease For Development Site In Brooklyn

The property asset involved in this transaction is a development site with a buildable square footage of 270,000 square feet located at 563 Sackett Street in Brooklyn. This transaction is categorized as a ground lease, with a term set for 99 years.

Summary of transation details:

• Property Type: Ground Lease
• Transaction Amount: Not Specified
• Address: 563 Sackett Street
• Market: Brooklyn
• Asset Type: Development Site
• Ground Lessor: Montgomery Street Partners
• Developer: Full Time Management
• Broker: Tom Li - SPR Group LLC

The key individuals and companies involved in this transaction are Montgomery Street Partners, serving as the ground lessor, and Full Time Management, designated as the developer of the property. The broker facilitating the transaction is Tom Li from SPR Group LLC.