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CIM Group Leases 45000 Square Feet To Little Big Hospitality At 50 Columbia Heights Brooklyn
LEASED
New York
See Similar DealsOffice
Leased 06/30/2025
LEASED
CIM Group Leases 45000 Square Feet To Little Big Hospitality At 50 Columbia Heights Brooklyn
50 Columbia Heights
See Similar DealsOffice
Leased 06/30/2025
Summary
NEW YORK
Asset Type:Office
Transaction Type:Lease
The property involved in this transaction is located at 50 Columbia Heights in Brooklyn, comprising office space. The leased area spans 45,000 square feet. The market for this asset type is Brooklyn.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Long-term lease
- Address: 50 Columbia Heights
- Market: Brooklyn
- Landlord: Richard Ressler - CIM Group
- Tenant: Little Big Hospitality
The deal includes a long-term lease agreement between CIM Group and Little Big Hospitality, which is set to operate The Beginning Clubhouse at the location, offering a family-focused private membership club that features childcare, workspaces, fitness amenities, and dining options.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$573,193.97
Total Lease Value
$5,731,939.66
Net Landlord Cash Flow$573,193.97
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