HOPE Program Renews 10 Year Lease At 1 Smith Street Brooklyn With Cresa's Representation

The asset involved in this transaction is an office space located at 1 Smith Street in Downtown Brooklyn. The property consists of 7,500 square feet and has an asking rent of $45 per square foot.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 1 Smith Street
• Market: Brooklyn
• Tenant: Tracey Capers - HOPE Program
• Brokers: Michael Herz & Waite Buckley - Cresa
• Lease Duration: 10 years
• Rent Reduction: 30%

This lease renewal for the HOPE Program was facilitated by negotiations led by Michael Herz and Waite Buckley of Cresa, ensuring a favorable outcome for the tenant.