The property asset involved in this transaction is located at 505 8th Avenue in Brooklyn. It has an asset type classified as Office, with a total square footage of 16,537. The lease was renewed and expanded by Excel Security for a duration of 12 years, encompassing the entire 15th floor while retaining space on the 7th floor. The firm has been a tenant since 1994 and will vacate its 17th-floor space as part of the agreement.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 505 8th Avenue
• Market: Brooklyn
• Landlord: Eric Gural - GFP Real Estate
• Tenant: Excel Security
• Broker: Allen Gurevich - GFP Real Estate
• Lease Duration: 12 years

Key individuals involved in the deal include Eric Gural, representing the landlord GFP Real Estate, and Allen Gurevich, who acted as the broker for this transaction. Excel Security's continued presence in the building underscores their long-term relationship with the landlord, having occupied space since 1994.