The Real Deal New York

Condé Nast follows the publishing crowd to Industry City

Media giant opening test kitchen for Bon Appétit and Epicurious
By Rich Bockmann | August 09, 2017 03:35PM

Industry City and Conde Nast CEO Bob Sauerbeg (Credit: Getty Images)

Condé Nast is taking a bite out of Industry City.

The publishing giant signed a lease for 6,356 square feet at the Sunset Park complex, where it plans to open a kitchen and full-service video studio for its Bon Appétit and Epicurious titles, sources involved in the transaction told The Real Deal.

“Industry City was a natural fit for Conde Nast given the desire to locate the production facility in Brooklyn and the unique nature of the use,” said Matthew Pynn of Avison Young, who represented the media company in the deal along with colleagues Carl Condon, Mark Harris and Martin Cottingham.

The asking rent in the deal was not available, but they range from $15 to $35 per square foot at the complex.

Industry City’s foodie bona fides include a 40,000-square-foot food hall featuring companies like Li-Lac Chocolates, the Ends Meat salumeria and One Girl Cookies, which also have manufacturing space at the 6 million-square-foot former shipping terminal in Brooklyn.

Other media companies include the food blog Serious Eats, which last year inked a deal to relocate from its 1,600-square-foot digs in Chinatown and open a test kitchen in 9,000 square feet at Industry City. Time Inc. launched its automobile-focused vertical the Drive and its foodie website Extra Crispy out of its Industry City space, which it leased in 2015 as it relocated its headquarters from the Time & Life Building in Midtown to Brookfield Place in Lower Manhattan.

Condé Nast left Midtown in 2014 when it began a phased relocation to One World Trade Center.

Jeff Fein, Industry City’s senior vice president of leasing, negotiated the deal on behalf of owners Jamestown, Belvedere Capital and Angelo, Gordon & Co., which own the former Bush Terminal in a joint venture with Ruby Schron and the Fruchthandler family.

Luxury rug and home design company ABC Carpet & Home signed a lease for 78,000 square feet at the complex earlier this year.