The property involved in this transaction is a hotel located at 55 Wythe Ave, Brooklyn, NY 11249. This asset encompasses 4,454 square feet of retail space situated on the ground floor of the William Vale hotel, which features 183 keys and a total of 38,000 square feet of retail on its bottom two floors. The hotel was developed by All Year Management and Zelig Weiss and was opened in the previous fall. Additionally, the property includes 9,000 square feet of rooftop space designated for food-and-drink, alongside office components.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not specified
• Address: 55 Wythe Ave, Brooklyn, NY, 11249
• Tenant: Suitsupply
• Landlord: Zelig Weiss
• Landlord's Representative: Mario M. Faggiano-EXR
• Square Feet: 4,454
• Date: 06/05/2017
• Market: Brooklyn

Suitsupply has completed a 10-year lease agreement for the premises, marking its entry into the Brooklyn market with this being its first shop in the area. The deal also highlights Suitsupply as the third retailer within the complex, joining Du's Donuts and Coffee, established by celebrity chef Wylie Dufresne, and All-Wise Meadery, co-founded by Dylan Sprouse, both of which have taken a combined 5,700 square feet of ground floor space. The leasing transaction involved active representation from Suitsupply's in-house broker, de Gruiter.