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
A photo illustration of 182-22 150th Avenue in Springfield Gardens (Getty, Google Maps)
NYC’s industrial market ends year with a bang
NYC’s industrial market ends year with a bang
(Photo Illustration by Steven Dilakian for The Real Deal with Getty)
Manhattan retail market rises again, but momentum wanes
Manhattan retail market rises again, but momentum wanes
(Norpointe LLC)
Yellowstone buys Fairfield County apartment complex for $49M
Yellowstone buys Fairfield County apartment complex for $49M
From left: A photo illustration of Industrious' Jamie Hodari, IWG founder Mark Dixon, WeWork CEO Sandeep Mathrani (Getty, Industrious, IWG, WeWork)
The 10 largest co-working operators of 2022
The 10 largest co-working operators of 2022
How CRE brokerages are responding to i-sales slowdown
How CRE brokerages are responding to i-sales slowdown
How CRE brokerages are responding to i-sales slowdown
(Illustration by The Real Deal with Getty)
Retail real estate continues climb, reaches record low availability
Retail real estate continues climb, reaches record low availability
(Illustration by The Real Deal; Getty)
Just 2 percent of US office market slotted for conversion
Just 2 percent of US office market slotted for conversion
CBRE's Emma Giamartino and CBRE's Bob Sulentic (CBRE, Twitter / CBRE, Getty)
CBRE plans layoffs, $400M in cost reductions
CBRE plans layoffs, $400M in cost reductions
arrow_forward_ios

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

Loading...