Spring Bank Leases Retail Space In Clinton Hill To Urban View For A Long-Term Lease

The retail property located at 1069-1071 Fulton Street in Clinton Hill, Brooklyn, was leased in a transformative off-market transaction. The asset spans 4,445 square feet, with an asking rent of $73 per square foot, and was secured for long-term use by Spring Bank, represented by EXR's Joseph DiPiazza. The deal was facilitated by EXR's John Le Vine on behalf of Urban View Real Estate.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 1069-1071 Fulton Street, Clinton Hill, Brooklyn
• Market: Clinton Hill, Brooklyn
• Tenant: Spring Bank
• Landlord: Urban View
• Brokers: John Le Vine & Joseph DiPiazza - EXR
• Lease Type: Modified Gross Lease

The lease agreement was successfully negotiated by Joseph DiPiazza representing Spring Bank and John Le Vine representing Urban View Real Estate. This transaction marks a significant step for both the tenant and the landlord, securing a long-term home for Spring Bank in Central Brooklyn at 1069-1071 Fulton Street. EXR eagerly anticipates Spring Bank's presence in Bedford-Stuyvesant.