FM Capital Leases Mixed-use Property At 160 Van Brunt Street To O-O-2 Pickleball

The asset involved in the transaction is a mixed-use property located at 160 Van Brunt Street in Brooklyn. The lease has an asking rent of $30 per square foot, covering a total area of 14,000 square feet. The lease term agreed upon is 10 years, and it is structured as a modified gross lease.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $30/ft
• Square Footage: 14,000
• Lease Term: 10 years
• Lease Type: Modified Gross Lease
• Landlord: FM Capital
• Tenant: O-O-2 Pickleball
• Landlord's Representative: Eddie Keda & Chandler Slate - Tri State Commercial Realty
• Tenant's Representative: Mendel Sears - Tri State Commercial Realty

The key individuals in this transaction include Eddie Keda and Chandler Slate, who represent the landlord FM Capital, and Mendel Sears, who represents the tenant O-O-2 Pickleball. All representatives are associated with Tri State Commercial Realty, facilitating the lease agreement.