Damast family looking to fill 200,000 sf at Sunset Park property

Pinnacle targeting film, ad tenants to come to newly hip area

TRD New York /
Nov.November 11, 2014 06:12 PM

The Damast family’s Commodore Manufacturing Corporation is seeking tenants to occupy about 200,000 square feet of office space at a massive, six-story industrial property in Sunset Park, mere blocks away from the Industry City project.

The manufacturing firm, which specializes in making Christmas decorations and other seasonal products, both owns and has leased space at the 581,000-square-foot structure at 4312 Second Avenue, also known as 148 43rd Street. But last year, Commodore largely outsourced its operations to China and upgraded the entire building with new 12-foot-high windows and elevators.

The landlord then hired a Pinnacle Realty team, led by David Junik and Steve Nadel, to market three loft spaces on the bottom two floors that it vacated. The spaces, available as of this week, span 100,000 square feet; 85,000 square feet; and 18,000 square feet, respectively.

Pinnacle is hoping to woo film industry companies, advertising agencies and high-tech manufacturers as possible tenants for a long-term lease, Junik told The Real Deal.

Commodore still leases 50,000 square feet elsewhere in the building, and the city’s Board of Elections leases more than 100,000 square feet, sources said. The site occupies a full city block.

Commodore also runs operations out of the Porcelanosa Building at 200 Lexington Avenue in NoMad, as TRD reported.

Sunset Park is seeing major redevelopment as Jamestown Properties – helming the Industry City project – and other developers look to convert old industrial buildings there into complexes with offices, manufacturing and film production space. The Brooklyn Nets announced earlier this year it would move its training facility to a 70,000-square-foot space in the neighborhood.

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