Blooming Prep Signs Nine-Year Sublease At 168 Montague Street In Brooklyn Heights

The property asset involved in this transaction is a special purpose space located at 168 Montague Street in the Brooklyn Heights market. Blooming Prep has entered into a sublease agreement for the property, which previously served as a CVS. The lease is established at a rate of $75 per square foot for an extensive duration of nine years.

Summary of transation details:

• Property Type: Special Purpose
• Transaction Amount: $75/SF
• Lease Term: nine-year
• Tenant: Blooming Prep
• Address: 168 Montague Street
• Market: Brooklyn Heights
• Lease Type: Sublease
• Brokers: Nathaniel Mallon & David Dubinsky - Verada

Blooming Prep will utilize this space to establish its first school, implementing a self-guided Reggio Emilia curriculum. The transaction was brokered by Nathaniel Mallon and David Dubinsky from Verada, who represent the tenant in this deal.