The property asset involved is a retail space located at 9 Dekalb Avenue in Brooklyn, comprising a total of 80,000 square feet spread across seven floors. The market for this location indicates a strategic positioning within the retail sector, enhancing its appeal for prospective tenants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 9 Dekalb Avenue
• Market: Brooklyn
• Square Footage: 80,000
• Landlord: Shawn Katz - Silverstein Properties
• Tenant: Bahram Akradi - Life Time
• Landlord's Representative: Jackie Totolo - Newmark
• Tenant's Representative: Joe Mastromonaco - Atlantic Retail

Life Time has signed a lease agreement for the specified retail space, with an anticipated opening set for late 2026. The involvement of representatives from both Silverstein Properties and Atlantic Retail showcases the collaborative efforts in securing this lease transaction for the Brooklyn Tower development.