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Posted: June 24, 2025
Helmsley Spear negotiates 52,000 s/f lease with East Gate Investors and SC Holdings at St. George Tower for private health club and wellness facility
Brooklyn, NY Helmsley Spear, LLC represented the St. George Tower co-op in a lease between East Gate Investors and SC Holdings to lease space at St. George Tower. The lease for 52,000 s/f provides for a Brooklyn Heights location for a new private health club and wellness facility.
The 29-year lease at 43 Clark St. is a location in a building formerly part of the St. George Hotel and now a residential co-op. The lease covers the below-grade floor, lower level, ground and second floors. The announcement was made by Kent Swig, president of Helmsley Spear, LLC, and Andrew Simon, executive vice president Helmsley Spear.
Helmsley Spear’s Michael Dubin, executive managing director, represented the co-op, in this transaction. The St. George Tower co-op board was also represented by Bruce Lederman and Grace Betancourt of DL Partners.
The site was also formerly the St. George Hotel and is one of New York City’s landmarks. The hotel was originally established in the late 19th century and over the years was transformed into various uses with the façade of the St. George Tower co-op restored only five years ago. Since 1984, St. George Tower has been a residential co-op within the historic complex.
St. George Tower is located near many transportation lines adjacent to Brooklyn Heights and downtown Brooklyn. The area has also traditionally attracted fine dining establishments and cultural and educational institutions which are among New York City’s finest and most celebrated.
“I am proud to represent the co-op in bringing this new addition to St. George Tower and historic Brooklyn Heights. This facility will be a wonderful complement not only to the residential co-op, but to the entire Brooklyn Heights community. The co-op envisions a high-end private heath, wellness and sports facility and club that will offer a superior suite of amenities unavailable today within this vibrant Brooklyn neighborhood,” said Dubin.
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