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Merit Hill, Wells Fargo Renew at Brooklyn’s Pioneer Building
Cushman & Wakefield arranged a lease renewal and a lease expansion totaling 17,416 square feet at the Pioneer Building, 41 Flatbush Ave. in Brooklyn. Real estate firm Merit Hill Capital expanded to 12,812 square feet, while Wells Fargo renewed for 4,604 square feet.
Cushman & Wakefield’s Ron Lo Russo, Remy Liebersohn and Pierce Hance, along with CBRE’s Joseph Cirone, represented the landlord, a partnership between Quinlan Development Group and Building and Land Technology, in both transactions.
“We are thrilled that Merit Hill Capital and Wells Fargo are renewing their commitments to the building,” said Lo Russo. “Both tenants will benefit from the building’s highly accessible location in the heart of Downtown Brooklyn within walking distance to numerous subway lines.”
The Pioneer Building is a 10-story, 269,530-square-foot office building. The real estate property recently underwent capital improvements that yielded a new lobby, renovated façade, landscaped rooftop and new windows.
- ◦Lease
