New 500K sf block at Industry City to serve TAMI tenants

Seven floors at office megacomplex's Building 19 located below Brooklyn Nets practice facility

New York /
Apr.April 26, 2016 05:32 PM

The developers behind the Industry City office megaproject in Sunset Park are transforming one building at the complex into a 500,000-square-foot space devoted to technology, media and creative sector tenants.

The property known as Building 19, which already houses the Brooklyn Nets’ practice facility, will see its seven floors beneath the NBA franchise’s space upgraded through basic infrastructure improvements as well as new windows and a new lobby.

A Newmark Grubb Knight Frank team led by Tri-State region president David Falk is the exclusive leasing brokers for the space and will work alongside an internal Industry City team led by Kathe Chase, according to the Commercial Observer.

The partnership behind Industry CityTRData LogoTINY – led by Jamestown and Belevedere Capital – has already leased more than 2 million square feet of space at the 6 million-square-foot complex, including more than 1 million square feet devoted to manufacturers, according to a release.

But the development has had its challenges, with Jamestown recently scrapping plans for college dormitories at Industry City as part of a rezoning that would enable the development of retail space and two hotels.

And Makerbot, the 3-D printing firm that in many ways epitomized the wave of so-called TAMI tenants that have spurred the Brooklyn office market and driven demand for projects like Industry City, is downsizing its space there by 90,000 square feet. [CO]Rey Mashayekhi


Related Articles

arrow_forward_ios
Porsche and Volvo sign leases at Industry City
Porsche and Volvo sign leases at Industry City
Porsche and Volvo sign leases at Industry City
Rendering of 6208 Eighth Avenue (Raymond Chan Architects)
Massive Sunset Park project flounders and an EB-5 investor sues
Massive Sunset Park project flounders and an EB-5 investor sues
DivcoWest CEO Stuart Shiff and Jamestown Properties' Michael Phillips with 325 Hudson Street (Google Maps)
DivcoWest buying 325 Hudson for $150M+
DivcoWest buying 325 Hudson for $150M+
Robinhood founders Vladimir Tenev and Baiju Bhatt (Robinhood)
Robinhood looking for NYC office as Reddit traders upend Wall St.
Robinhood looking for NYC office as Reddit traders upend Wall St.
The South Brooklyn Marine Terminal (Google Maps; Waterfront Alliance)
State to develop wind turbine plant on Brooklyn waterfront
State to develop wind turbine plant on Brooklyn waterfront
City officials say inadequate support for a retaining wall led to the death of construction worker Jashim Mia. (NYPD via Twitter)
City identifies cause of fatal wall collapse in Brooklyn
City identifies cause of fatal wall collapse in Brooklyn
A retaining wall collapsed at a Brooklyn home. (NYPD via Twitter)
Construction worker killed by wall collapse in Brooklyn
Construction worker killed by wall collapse in Brooklyn
The proposal to rezone Industry City in Brooklyn was unveiled five years ago, but collapsed under political pressure (Courtesy of Industry City)
Here’s how Industry City’s controversial rezoning unraveled
Here’s how Industry City’s controversial rezoning unraveled
arrow_forward_ios

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

Loading...