Brookfield signs energy company to big lease in DoBro

National Grid to move into 11th and 12th floors at Two Hanson Place

New York /
Feb.February 11, 2020 10:45 AM
Brookfield's Ric Clark and Two Hanson Place in Brooklyn (Credit: Google Maps, iStock)

Brookfield’s Ric Clark and Two Hanson Place in Brooklyn (Credit: Google Maps, iStock)

Brookfield Properties has brought in a high-profile tenant for a little-known Downtown Brooklyn office property, which it picked up in 2018 as part of the Forest City acquisition.

Multinational utility company National Grid has signed an 87,000-square-foot lease on the 11th and 12th floors at Two Hanson Place near Barclays Center, the New York Post reported.

Brookfield owns the building’s 400,000-square-foot office condominium, while Madison International Realty owns the Atlantic Terminal shopping mall underneath.

The London-headquartered electricity and gas provider plans to move into the new offices by year’s end, while also keeping its space at One MetroTech Center.

Asking rents at the building are around $60 per square foot. Much of the remaining office space is occupied by HSBC and Bank of New York. Brookfield reportedly sees the National Grid deal as a good opportunity to “introduce” the property to the market. [NYP] — Kevin Sun


Related Articles

arrow_forward_ios
370 Livingston Street (Google Maps, Getty)
Developer plans 105 units in Downtown Brooklyn
Developer plans 105 units in Downtown Brooklyn
200 Park Avenue and Tishman Speyer's Rob Speyer(Tishman Speyer, Getty)
MetLife Building gets the luck of the Irish
MetLife Building gets the luck of the Irish
100 Print Shop Road in Enfield, CT and President of the Lego Group in the Americas Skip Kodak
Lego letting go of Connecticut office
Lego letting go of Connecticut office
Mark Zuckerberg, Jeff Bezos, Hudson Yards and San Francisco's Salesforce tower (Getty, Dead.rabbit/CC BY-SA 4.0/via Wikimedia Commons)
Tech office leasing plummeted in fourth quarter
Tech office leasing plummeted in fourth quarter
 Rudin Management’s Bill Rudin and 3 Times Square
Rudin gets tipsy at 3 Times Square
Rudin gets tipsy at 3 Times Square
Brookfield's Bruce Flatt, 2 Manhattan West; SL Green's Marc Holliday, One Madison Avenue (Manhattan West, Getty, Brookfield, SL Green)
The 10 biggest Manhattan office leases of 2022
The 10 biggest Manhattan office leases of 2022
HJ Kalikow's Peter Kalikow, CI US Holdings' Kurt MacAlpine and 101 Park Avenue (Getty, 101 Park Avenue, CI Financial)
Canadian wealth manager signs at HJ Kalikow’s 101 Park
Canadian wealth manager signs at HJ Kalikow’s 101 Park
KKR’s Henry Kravis, Related Companies’ Stephen Ross and Meta’s Mark Zuckerberg with 30 Hudson Yards (Getty, Rhododendrites CC BY-SA 4.0 via Wikimedia Commons)
Surviving the tech wreck: How the Manhattan office market could pivot
Surviving the tech wreck: How the Manhattan office market could pivot
arrow_forward_ios

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

Loading...