Dime Savings Bank Of Williamsburg Leases 42000 Square Feet At One Pierrepont Plaza Brooklyn

The lease transaction involves a space at One Pierrepont Plaza, located in Brooklyn, NY. The tenant, Dime Savings Bank of Williamsburg, has signed a 10-year deal for a total of 42,000 square feet. The asking rent was $50 per square foot, reflecting the market values in the Brooklyn area.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: $2,100,000
• Address: One Pierrepont Plaza, Brooklyn, NY
• Market: Brooklyn
• Landlord: Forest City Ratner Companies
• Tenant: Dime Savings Bank of Williamsburg
• Square Feet: 42,000
• Landlord's Representatives: Ali Esmaeilzadeh (Brookfield Properties), Dave Caperna (CBRE), Jesse Cooperman (Brookfield Properties)
• Brokers: Keith Caggiano (Avison Young), Mary Ann Tighe (CBRE), Jack Britvan (Commercial Realty Services of Long Island)

The deal showcases the collaboration of multiple representatives from both the landlord and the tenant’s side, with the tenant being represented by William O’Brien from M.C. O'Brien and Jack Britvan from Commercial Realty Services of Long Island. On the landlord's side, the representation included prominent figures such as Mary Ann Tighe and Keith Caggiano from CBRE, among others.