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Two Trees Management

45 Main Street, Suite 602
Brooklyn, NY 11201
(718) 222 2500
Website
office@twotreesny.com
Two-Trees
Two Trees Management
Two Trees Management is a family-owned real estate development firm founded in 1968 by David Walentas and the late Jeff Byers. The firm is synonymous with Dumbo in Brooklyn, an erstwhile derelict industrial hub that Walentas redeveloped into a home and playground for wealthy and creative New Yorkers. As of September 2015, David’'s son Jed Walentas ran the firm'’s day-to-day operations. Two Trees has owned, managed, and developed a portfolio worth $3 billion, including more than 6,000 apartments and over 3 million square feet of office and retail space. Beginning in 1978, David Walentas started buying up property in the gritty area between the Manhattan and Brooklyn Bridges, amassing 13 buildings, including the Clock Tower Building. He then refurbished the buildings to house condominiums, rentals, artist lofts and retail nooks for up-and-coming designers. Two Trees initially kept rental prices depressed to ensure an arty, edgy mix of tenants.
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...Lane, a new mansion being marketed by Brown Harris Stevens. Two Trees Management...

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...community facility. Wang operates the Flushing condominium developer Gleam Realty. 4.) Two Trees Management paid $15.7 million for a vacant development site in South Williamsburg...

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...Corp. last year, is giving up a full floor at Two Trees Management’s 55 Washington Street in Dumbo. Amplify, which creates digital curriculums...

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...office complex, would be the biggest ever for his firm, Two Trees Management. As with earlier projects, Two Trees would get millions in...
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Two Trees Management, Principal
45 Main Street, Suite 602, New York, NY, 718.222.2500
Jed Walentas has, since joining it in 1997, gradually come to run the...
Two Trees Management, Founder and Principal
45 Main Street, #602, Brooklyn, NY, (718)-222-2500
David Walentas is the co-founder, with the late Jeff Byers, of Two Trees...
  • Event Office Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 43,600
  • Price per foot $ 72.00
notes
The Berlin-based tech company signed a 5-year lease.
  • Event Sales
  • Address 286 Clinton Avenue
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Square feet 19,000
  • Price $ 8,150,000
  • Publication Date 08/01/2015
  • Event Date 06/22/2015
  • Party 1 Two Trees Management
  • Party 1 Brokerage Ariel Property Advisors
  • Party 1 Broker Mark Spinelli, Michael Tortorici, Shimon Shkury, Victor Sozio, Jonathan Berman, Daniel Tropp
  • Party 2 Kash Group
  • Party 2 Brokerage Ariel Property Advisors
  • Party 2 Broker Mark Spinelli, Michael Tortorici, Shimon Shkury, Victor Sozio, Jonathan Berman, Daniel Tropp
notes
The multifamily property sold for $8.15 million.
  • Event Retail Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 5,523
  • Publication Date 08/01/2014
  • Event Date 06/22/2014
  • Party 1 Two Trees Management
  • Party 2 DataVision
  • Party 2 Brokerage Lee & Associates
  • Party 2 Broker Robert Kunikoff
notes
The electronics retailer signed a 10.5-year lease. The reported asking rent was $250 per square foot.
  • Event Retail Leasing
  • Address 550 West 54th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 5,000
  • Publication Date 08/01/2013
  • Event Date 06/22/2013
  • Party 1 Two Trees Management
  • Party 1 Brokerage In-house
  • Party 2 MH Supermarket Corporation
notes
The supermarket signed a lease at the Mercedes House luxury rental building, the New York Observer reported. The asking rent was $60 per square foot, according to the publication.
  • Event Sales
  • Address 555 West 53rd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 170,000,000
notes
The 162 apartments at the new development Mercedes House sold for $170 million, the Wall Street Journal reported. The property has 874 units in total.
  • Event Office Leasing
  • Address 45 Main Street
  • Borough Manhattan
  • Square feet 2,600
notes
The gaming company signed a lease.
  • Event Office Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 9,040
notes
The technology company signed a five-year lease with a five-year option on the 11th floor. The tenant will occupy a temporary space on the fifth floor until its new office is ready.
  • Event Financing
  • Address 555 West 53rd Street
  • Neighborhood Clinton
  • Borough Manhattan
notes
Two construction loans totaling $229 million was provided for the financing of the second phase of development at Mercedes House. The first phase opened for occupancy in May. A team led by John McCarthy of law firm Morrison & Foerster represented the lenders on the deal. 850-unit apartment building.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,486
notes
The IT consulting firm signed a lease.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 2,987
  • Publication Date 07/01/2011
  • Event Date 05/22/2011
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Caroline Pardo
  • Party 2 Gothamist
  • Party 2 Brokerage Creative Real Estate Group
  • Party 2 Broker Chris Havens
notes
The blog publisher signed a lease.
  • Event Sales
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 340,000
  • Price $ 129,500,000
  • Price per foot $ 381.00
notes
The loft building went into contract for $129.5 million, or $381 per square foot. This is the Brooklyn-based company's first office building acquisition in Manhattan.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 572
notes
The design company signed a lease.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,590
  • Publication Date 07/10/2010
  • Event Date 05/31/2010
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Elizabeth Cottrill
  • Party 2 Cloverleaf Digital
  • Party 2 Brokerage Creative Real Estate Group
  • Party 2 Broker Chris Havens
notes
The interactive TV applications developer signed a three-year lease.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 2,398
notes
The fashion designer signed a lease.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,512
notes
The booking agency for musicians signed a lease.
  • Event Retail Leasing
  • Address 20 Jay Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 700
notes
The tenant will use the space to sell its art, furnishings and design pieces.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,590
  • Publication Date 04/01/2007
  • Event Date 02/20/2007
  • Party 1 Two Trees Management
  • Party 1 Brokerage In-house
  • Party 2 VE Enterprise
notes
The Web site management firm inked a lease for new space.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 3,045
  • Publication Date 03/01/2007
  • Event Date 01/20/2007
  • Party 1 Two Trees Management
  • Party 1 Brokerage In-house
  • Party 2 Hornet Animations
  • Party 2 Brokerage Capstone Realty Advisors
  • Party 2 Broker Joseph McLaughlin
notes
The animation film company is relocating from Manhattan.
  • Event Sales
  • Address 11th Avenue btw. 53rd and 54th Streets
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 130,000,000
  • Publication Date 10/01/2006
  • Event Date 08/22/2006
  • Party 1 Verizon
  • Party 2 David Walentas, Two Trees Management
notes
The Dumbo developer is in contract to buy most of the block for approximately $130 million. Walentas is seeking to have the land rezoned from industrial to residential in order to develop more than 1,000 apartments on the site. This would be his first Manhattan project in more than 25 years.
  • Event Retail Leasing
  • Address 111 Front Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 2,414
  • Publication Date 06/01/2006
  • Event Date 04/22/2006
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Chris Havens
  • Party 2 Art Core NYC Gallery
  • Party 2 Brokerage in-house
  • Party 2 Broker Joachim Schuetz
notes
The space will house an art gallery.
  • Event Office Leasing
  • Address 45 Main Street
  • Borough Manhattan
  • Square feet 1,350
notes
Wireless tech co. signs one-year lease for office space
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CLOCK TOWER CONDOMINI
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If ever there were a residential building symbolic of the aesthetic of Dumbo,...
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25 WASH OWNER LLC
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Two Trees Management, TWO TREES KG, LLC
Cobble Hill Mews is a five-story, 32-unit apartment building at 200 Atlantic Avenue...
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125 COURT ST CONDOMIN
The 321-unit Court House Apartments at 125 Court Street in downtown Brooklyn is...
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DUMBO PARTNERS B LLC
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50 WEST 23RD STREET B
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55 WASHINGTON STREET
The 337,000-square-foot office building at 55 Washington Street in Brooklyn is one of...
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45 MAIN ASSOCIATES LL
The 475,000-square-foot office building at 45 Main Street in Brooklyn is one of...
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When it opened in 1882, the Domino Sugar refinery on the Williamsburg, Brooklyn,...
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Two Trees Management
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