The Real Deal New York

CBRE to market Dumbo Heights’ remaining office space

About 350K sf of office space still available at Brooklyn mega complex

February 23, 2016 02:00PM

Dumbo Heights Kushner

Rendering of Dumbo Heights in Brooklyn (inset: Jared Kushner)

Jared Kushner’s Kushner Cos. tapped CBRE to handle leasing for the remaining 350,000 square feet of office space at the 1.2 million-square-foot Dumbo Heights office-and-retail complex in Brooklyn, which the company is developing alongside RFR and LIVWRK.

While creative and TAMI tenants like WeWork, Etsy, Prolific Interactive and Frog Design are already set to call Dumbo Heights, CBRE is tasked with marketing the remaining space at the property – including a 275,000-square-foot space with a private roof deck and “exterior signage opportunities” at 175 Pearl Street, according to Kushner.

The developer opted to hold off on leasing 175 Pearl because the building needed more extensive renovation work.

A CBRE team of Sacha Zarba, Jeffrey Fischer and Zak Snider will lead the commercial brokerage’s efforts at Dumbo Heights, which is slated for completion by the end of the second quarter. The project will feature a “completely revamped streetscape,” according to a release, as well as a communal roof deck to be shared by tenants.

RKF is marketing the retail portion of the complex, which Kushner and its partners acquired for $375 million from the Jehovah’s Witnesses in 2013.

Dumbo Heights recently secured two new retail tenants, according to the New York Observer. Yoga studio Yoga Vida is taking 5,500 square feet at 55 Prospect Street, and eatery Glaze Teriyaki signed on for 2,300 square feet at 117 Adams Street. Both leases are for 15 years. [NYO]Rey Mashayekhi

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