Video equipment rental giant signs 25K sf lease in Industry City 

Space to be used as "equipment hub"  in addition to offices

TRD New York /
Jan.January 31, 2019 04:45 PM

Industry City

VER Technologies, a major provider of film and television production equipment worldwide, is the latest media company to move to Industry City.
The Los Angeles-based company announced today that it is moving its New York headquarters from Midtown Manhattan to the Brooklyn complex, where it will take up 25,000 square feet on the second floor at 147 41st Street.
The space, located in Building 20 in the southeastern corner of the complex, will be used not only for offices but also as an equipment hub for a range of video production clients, including TV, film, sports, and corporate clients.
Joel Schneider of Hilco Real Estate represented VER in the five-year deal, while Industry City’s internal leasing team represented the landlords.
Industry City is owned by a partnership that includes Jamestown Properties, Belvedere Capital, Angelo, Gordon & Co., Cammeby’s International and FBE Limited.
VER’s relocation comes soon after a reinvention of another kind. The company filed for bankruptcy last April, and then merged with Production Resource Group (PRG), another video production service provider.
The newly organized company will continue to operate VER and PRG as distinct brands, with PRG taking over VER’s various service divisions while VER refocuses on equipment rental.
More than three dozen media and production companies have now moved to Industry City, including Conde Nast and Essence magazine. This entertainment corridor in Sunset Park could soon be supplemented by a film and television studio at Bush Terminal, where the city is planning to open a Made in New York campus.

Related Articles


“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Industry City CEO Andrew Kimball, Brooklyn City Council member Carlos Menchaca and Industry City (Credit: Getty Images)

Industry City made five concessions for rezoning. It wasn’t enough

Adam Neumann in talks about his future role, Sheldon Solow’s son makes a winery play: Daily digest

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now