Meadow Partners And Slate Property Group Develop Mixed-Use Project In Brooklyn, Securing $125M Loan From Mack Real Estate Credit Strategies

Richard Mack, CEO & Co-Founder of Mack Real Estate, Martin Nussbaum, and David Schwartz, Slate Principals, were involved in a closed mixed-use development transaction in Brooklyn. The property is located at 1 Flatbush Avenue X, at the intersection of Flatbush Avenue and Fulton Street. The deal was facilitated by JLL NY Capital Markets as the broker. The transaction was supported by a loan amount of $125,000,000 provided by Mack Real Estate Credit Strategies. The property was developed by Meadow Partners and Slate Property Group, serving as the landlord and developer of the project.

Summary of Transaction Details:

• Property Type: Mixed-use Development
• Transaction Amount: $125,000,000
• Date: 08/07/2018
• Address: 1 Flatbush Avenue X
• Streets: Flatbush Avenue & Fulton Street
• Market: Brooklyn
• City: New York

The key individuals involved in this transaction were Richard Mack, Martin Nussbaum, and David Schwartz. Richard Mack is the CEO & Co-Founder of Mack Real Estate. Martin Nussbaum and David Schwartz are Slate Principals. They played a crucial role in the closed deal, representing their respective companies.