Confidant Hospitality Signs Modified Gross Lease At 127 Atlantic Avenue With Vantage Real Estate Advisors

The mixed-use property located at 127 Atlantic Avenue in Brooklyn features a total square footage of 5,800. The asset has recently been leased to Confidant Hospitality under a Modified Gross Lease agreement.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Not disclosed
• Address: 127 Atlantic Avenue
• Market: Brooklyn
• Tenant: Confidant Hospitality
• Tenant's Representative: Danny Volk, Kayla Terzi & Marc Johnson - Vantage Real Estate Advisors
• Landlord's Representative: Joe Robinson - Ascend Real Estate
• Lease Type: Modified Gross Lease

Vantage Real Estate Advisors successfully placed Confidant Hospitality into the ground floor spaces at 127 & 129 Atlantic Avenue, which are adjacent food and beverage locations, including Confidant, a new American restaurant, and Frenzie Wine & Pizza. Both spaces have lower-levels that complement their operational needs.