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

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
Shoppers World CEO Sam Dushey with an aerial shot of Green Acres Mall (Shoppers World, Macerich)
Shoppers World to debut in Long Island at former Century 21 site
Shoppers World to debut in Long Island at former Century 21 site
Robert Roche, Ben Kohn and Adam Hochfelder (Getty, WikiMedia / Roche)
Entity linked to shuttered Playboy Club New York files for bankruptcy
Entity linked to shuttered Playboy Club New York files for bankruptcy
With major financial choices to make, Newmark receives $850M infusion
With major financial choices to make, Newmark receives $850M infusion
With major financial choices to make, Newmark receives $850M infusion
NYC’s office sublease surge slows as tenants move to reoccupy space
NYC’s office sublease surge slows as tenants move to reoccupy space
NYC’s office sublease surge slows as tenants move to reoccupy space
The Roger New York hotel at 131 Madison Avenue, Larry Korman of AKA Hotel Residences and Joe Lubeck of Electra America (Google Maps, Getty, Electra)
Electra America JV nabs Roger hotel for $71M discount
Electra America JV nabs Roger hotel for $71M discount
Oceanwide’s US business is sinking. Can it right the ship?
Oceanwide’s US business is sinking. Can it right the ship?
Oceanwide’s US business is sinking. Can it right the ship?
Demir Sabanci and 41-47 West 57th Street (Sedesco, Google Maps)
Sedesco seeks floor area bonus for new Billionaires’ Row skyscraper
Sedesco seeks floor area bonus for new Billionaires’ Row skyscraper
From left: Alvin Dworman, 155 East 55th Street, 65 West 55th Street, and 210 East 58th Street (Getty, Google Maps)
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Alvin Dworman Sells 3 Manhattan Buildings for $65M
arrow_forward_ios

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

Loading...