search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loanMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
New York

Muppets move to Long Island City

alternate text
The Muppets Creature Shop is moving to 37-18 Northern Boulevard

Sign Up for the undefined Newsletter

Muppet makers at Jim Henson Co. are moving from their Soho office at 627 Broadway to a 12,000-square-foot space in Long Island City, at 37-18 Northern Boulevard. According to the broker, Jim DeLuca of Cushman & Wakefield, incentives were key for the Creature Shop — which designs and constructs all the Muppets like Kermit the Frog and Elmo — and they were able to cut $6 a foot off the low-$20s a foot rent. In the Soho space, the company’s renewal was proposed at $50 a square foot last summer, but fell to $35 per square foot by the last offer. DeLuca said the incentives, plus a freight elevator and a two-block stroll to Kaufman Astoria Studios where Sesame Street is filmed, helped to seal the seven-year Long Island City deal.

Tags
Cushman & WakefieldKaufman Astoria StudiosLong Island CitySoho