The asset involved in this transaction is a multifamily property located at 43 Clark Street in the Brooklyn Heights market, encompassing a total of 52,000 square feet. The landlord of this property is the St. George Tower Co-op & Grill Owners Corporation, while the tenants are East Gate Investors and SC Holdings, who will be utilizing the space as a private health and wellness club.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Square Footage: 52,000 SF
• Address: 43 Clark Street
• Market: Brooklyn Heights
• Landlord: St. George Tower Co-op & Grill Owners Corporation
• Tenant: East Gate Investors & SC Holdings
• Broker: Michael Dubin - Helmsley Spear
• Lease Duration: 29 years

The deal was facilitated by Michael Dubin from Helmsley Spear, representing the interests of the landlord in this long-term lease transaction. East Gate Investors and SC Holdings will be establishing their operations in this newly secured location, marking a significant commitment to the area.