Regus crosses river to Brooklyn with 38k sf office deal

Forest City Ratner wraps up 70k sf of leases at One Pierrepont Plaza

New York /
Dec.December 17, 2014 04:49 PM

Office-space provider Regus is headed to Brooklyn after signing a 38,000-square-foot lease at Forest City Ratner’s One Pierrepont Plaza office building.

Regus, which provides part-time office, co-working spaces and short-term rentals at several buildings in Manhattan, inked a 12-year lease for the entire 12th floor in the property located on the edge of Brooklyn Heights and Downtown Brooklyn.

“The building is perfectly positioned in this bustling downtown Brooklyn neighborhood packed full of commuting business people, home based businesses, lawyers and, of course, established Brooklyn businesses,” Regus Regional Vice President Maria Paitchel said in a statement. “It offers a very central location with fantastic commuting links and is the perfect base for any thriving Brooklyn business.”

Regus was represented by Mark Ravesloot, Mike Kay and Scott Sloves of CBRE.

Howard Fiddle, Keith Caggiano and Evan Haskell of CBRE are in charge of leasing at the building, and along with the Regus lease closed two other deals in recent weeks.

Custom-sign maker SmartSign inked a 10-year lease for 12,700 square feet on the 13th floor, and litigation-services-provider U.S. Legal Support took approximately 10,000 square feet on the same floor for 10 years.

Brian Weld of Cassidy Turley represented SmartSign and George Grace of Mohr Partners repped U.S. Legal.

Rents in the building are in the mid $40s.


Related Articles

arrow_forward_ios
President Joe Biden (Getty)
Biden’s proposal to cut 1031 exchanges may be “tremendous blow” to real estate: experts
Biden’s proposal to cut 1031 exchanges may be “tremendous blow” to real estate: experts
The Plaza Hotel, St. Regis Hotel, and Waldorf Astoria (iStock)
Outlook for hotels improves — from awful to merely bad
Outlook for hotels improves — from awful to merely bad
CBRE’s Darcy Stacom and Bill Shanahan; Cushman & Wakefield’s Doug Harmon and Adam Spies
Titans of the towers: TRD’s annual ranking of NYC’s top investment sales firms
Titans of the towers: TRD’s annual ranking of NYC’s top investment sales firms
(Getty)
Manhattan retail market awaits recovery as vacancies rise in Q1
Manhattan retail market awaits recovery as vacancies rise in Q1
CBRE CEO Robert Sulentic and One World Trade Center (CBRE, iStock)
Port Authority taps CBRE to manage WTC
Port Authority taps CBRE to manage WTC
From left: JLL’s Tim Rivers, Levine Kellogg’s Jeffrey Schneider, Meland Budwick’s Mark Meland, Blanca Commercial Real Estate’s Tere Blanca, Savills’ Tom Capocefalo and Collier’s Jonathan Kingsley
The money’s moving to South Florida. Will the office leases follow?
The money’s moving to South Florida. Will the office leases follow?
1500 Broadway, Jollibee (iStock, Google Maps)
Jollibee to open flagship at 1500 Broadway
Jollibee to open flagship at 1500 Broadway
Newmark’s Barry Gosin (left) and CBRE’s Bob Sulentic
Weird flex but OK: How CRE giants hope to cash in on the future of the office
Weird flex but OK: How CRE giants hope to cash in on the future of the office
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...