The Simpson Restaurant & Bar has leased a retail space located at 673 Atlantic Avenue in the Barclays Area of Brooklyn. The property spans 6,700 square feet and is owned by Fifth Avenue Committee. The lease was facilitated by brokers Peter Schubert, Bill Strassman, and Abbie Cheng from TerraCRG. The rental price for the space was $77 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Date: 10/28/2020
• Address: 673 Atlantic Avenue, Barclays Area, Brooklyn
• Tenant: The Simpson Restaurant & Bar
• Landlord: Fifth Avenue Committee
• Broker: Peter Schubert - TerraCRG
• Broker: Bill Strassman - TerraCRG
• Broker: Abbie Cheng - TerraCRG
• Asking Rent: $77 per square foot
• Square Footage: 6,700

The Simpson Restaurant & Bar's lease of the retail space was successfully negotiated by brokers Peter Schubert, Bill Strassman, and Abbie Cheng from TerraCRG. The property, situated at 673 Atlantic Avenue in the Barclays Area of Brooklyn, offers an ideal location for the establishment. This lease agreement highlights the collaboration between the tenant, The Simpson Restaurant & Bar, and the landlord, Fifth Avenue Committee. Both parties were represented by the respective brokers to ensure a successful transaction.