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
where Sesame Street is filmed, helped to seal the seven-year Long Island City deal.
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Comments
Muppet Baby
How cute, there is also a movie theater within a 2 or 3 block stroll. They have it made.
Comment #1 Posted By: Muppet Baby 06/17/09
Anonymous
And Studio Square beer garden. Keep on truckin' LIC!
Comment #2 Posted By: Anonymous 06/17/09
Anonymous
"the company's renewal was proposed at $50 a square foot last summer, but fell to $35 per square foot by the last offer." And they still ended up moving to LIC! Oh vey :-(
Comment #3 Posted By: Anonymous 06/17/09
Anonymous
There goes the neighborhood!
Comment #4 Posted By: Anonymous 06/17/09