522-528 Atlantic Avenue

Jones Lang LaSalle (“JLL”) is pleased to offer for sale the fee simple interest in the retail condominium of 528 Atlantic Avenue (the "Property"), located in the Boerum Hill neighborhood of Brooklyn, New York. The ~26,000 square foot, Class A retail / commercial space sits at the base of a 2017-constructed luxury residential condominium building (not part of the collateral).

The Property is currently 44% leased to advanced cosmetic surgery provider Mia Aesthetics. Rapidly expanding across the U.S. with locations in 10 major cities and over 150,000 satisfied patients, Mia Aesthetics is a leading provider in the affordable luxury medical aesthetics sector. The tenant's current lease term, which expires on February 29th, 2039, features contractual 2.50% annual rent escalations.

The ground floor space is 13,632 SF and offers 18' ceiling heights. The lower level space, which features a dedicated lobby entrance on the ground floor and an exclusive elevator with wide stairs for access, is 12,070 SF with 11'6" ceiling heights. The lower level space is divisible, offering the opportunity to lease it to a large user, or break it up into multiple units. The Property is Article 28 compliant, offering an exceptional opportunity for medical users.

The Property sits at a premier Atlantic Avenue corner, offering 100' of frontage on Atlantic Avenue and 180' of frontage on 3rd Avenue. Located one block from the Atlantic Ave-Barclays Center station, one of New York City's largest transit hubs, the Property is strategically located to offer exceptional foot traffic with unparalleled access via the 2, 3, 4, 5, B, D, N, Q, R trains and the LIRR.