The asset involved in this transaction is an office space located at 20 Jay Street in Dumbo, Brooklyn. The space encompasses 41,000 square feet and is currently being leased by Overtime from Two Trees Management, highlighting its significance in the office market of the area.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 20 Jay Street
• Market: Dumbo, Brooklyn
• Lease Term: 7 years
• Landlord: Two Trees Management
• Tenant: Dan Porter - Overtime
• Landlord's Representative: Elizabeth Bueno & Alyssa Zahler - Two Trees Management
• Tenant's Representative: Ryan Alexander, Ross Zimbalist & Jeffrey Frenkel - CBRE

This lease transaction is notable as Overtime is expanding its Brooklyn office, choosing to retain its location in Dumbo to remain close to its predominantly Brooklyn-based team, emphasizing the strategic importance of the site for the tenant.