Nothing but Nyet: Prokhorov moves basketball team’s corporate HQ out of Barclays Center

Brooklyn Sports & Entertainment to join Nets training facility in Industry City

TRD New York /
Aug.August 10, 2017 01:20 PM

Russian billionaire Mikhail Prokhorov is moving the corporate headquarters for the Brooklyn Nets and the Barclays Center way beyond the three-point line: to Industry City.

Prokhorov’s Brooklyn Sports & Entertainment, which also owns Nassau Coliseum and entertainment venues like the Paramount Theatre and Webster Hall, signed a lease for 70,000 square feet at Building 19, which is also the location of the basketball team’s practice facility, Crain’s reported.

The company will be relocating its headquarters from 47,000 square feet at Metrotech Center in Downtown Brooklyn, a move that will allow it to expand its headcount by 350 employees.

“This move affords us the opportunity to create the right work environment and develop the right culture,” company CEO Brett Yormark said. “When you think about the new work environment, it’s in a space like this.”

The company also has a 3,400-square-foot satellite office at 125 Park Avenue in Manhattan.

Bruce Mosler and Joseph Cirone at Cushman & Wakefield represented the tenant in the deal. A leasing team headed by Newmark Knight Frank’s David Falk negotiated on behalf of Industry City owners Jamestown, Belvedere Capital and Angelo Gordon.

Condé Nast recently inked a 6,000-square-foot lease at Industry City, where it plans to open a kitchen and video studio for its Bon Appétit and Epicurious titles. [Crain’s]Rich Bockmann 


Related Articles

arrow_forward_ios
HelloFresh’s NYC HQ (Courtesy of Industry City, HelloFresh by Eric Laignel)

HelloFresh inks Industry City deal for content studio

HelloFresh inks Industry City deal for content studio
A rendering of the Climate Solutions Center with Trust for Governors Island CEO Clare Newman and Mayor de Blasio (Rendering via WXY architecture + urban design/bloomimages; Governor's Island; Getty)

Going green: Governors Island could soon house climate center

Going green: Governors Island could soon house climate center
Nightingale’s Eli Schwartz and 111 Wall Street (Credit: Google Maps)

Nightingale, Wafra seek $860M to redevelop 111 Wall Street

Nightingale, Wafra seek $860M to redevelop 111 Wall Street
The Real Deal founder and publisher Amir Korangy and Massey Knakal founder Bob Knakal

JLL’s Bob Knakal on the future of New York

JLL’s Bob Knakal on the future of New York
Greystone Development CEO Thomas Ryan and an image of the project (Courtesy of James Hooker, Greystone)

Greystone eyes $40M-plus for Park Slope luxury apartments

Greystone eyes $40M-plus for Park Slope luxury apartments
(iStock)

Banks see CRE loans delinquencies hit 5-year high

Banks see CRE loans delinquencies hit 5-year high
Ed Adler and Wendy Silverstein (Getty)

Wendy Silverstein, Ed Adler launch loan restructuring biz

Wendy Silverstein, Ed Adler launch loan restructuring biz
Jamie Dimon and 383 Madison Avenue (Getty, Google Maps)

JPMorgan suffers setback in return to office

JPMorgan suffers setback in return to 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...