Brokers target creative types for Sunset Park workspaces

TRD New York /
Sep.September 16, 2008 02:24 PM

A firm is pitching Dumbo-style workspaces in Sunset Park, hoping to draw creative professionals to the industrial section of the Brooklyn neighborhood.

Commercial brokerage CRES NYC is representing 11 fully renovated workspaces in Sunset Park’s Industry City, a sprawling industrial complex on 36th Street near the waterfront. The spaces range from 812 square feet to 2,598 square feet and asking rents average $16 a foot.

Rents for similar spaces in Dumbo go for about $28 a foot, according to CRES NYC chief executive Chris Havens.

“About eight years ago Dumbo started to become a commercial area,” Havens said. “We’re delivering renovated, operational space, just like Two Trees does in Dumbo.”

The 11 spaces — more will eventually hit the market — are in a six-million-square-foot complex owned by Industry City Associates, a partnership that includes Bruce Federman and the Schron and Fruchthandler families. The landlords have already turned thousands of square feet in the property into studio space for artists.


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