Brookfield signs energy company to big lease in DoBro

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

TRD 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
Are New Yorkers coming back? These charts tell the story

Are New Yorkers coming back? These charts tell the story

Are New Yorkers coming back? These charts tell the story
Brookfield Place in Manhattan and Jared Chupaila, CEO of Brookfield Properties’ retail group (Getty; Brookfield)

Brookfield Properties to lay off 20% of retail division

Brookfield Properties to lay off 20% of retail division
Chetrit Group principal Michael Chetrit and 850 Third Avenue (Google Maps)

What tenants are paying at Chetrit’s 850 Third Ave

What tenants are paying at Chetrit’s 850 Third Ave
What tenants are paying at Shvo’s “Big Red” building

What tenants are paying at Shvo’s “Big Red” building

What tenants are paying at Shvo’s “Big Red” building
One Vanderbilt (Credit: Max Touhey)

SL Green opens One Vanderbilt as leaders urge return to office

SL Green opens One Vanderbilt as leaders urge return to office
25 Kent Avenue and Amazon CEO Jeff Bezos (25 Kent; Getty)

Amazon Music is coming to Brooklyn’s office market

Amazon Music is coming to Brooklyn’s office market
10 Jay Street and Rent The Runway CEO and co-founder Jennifer Hyman and a store location in New York City (Getty; ODA Architecture)

On the rack: Rent the Runway’s Dumbo space up for rent

On the rack: Rent the Runway’s Dumbo space up for rent
Vornado CEO Steven Roth and TheMART (Getty, VNO)

What tenants are paying at Vornado’s theMART in Chicago

What tenants are paying at Vornado’s theMART in Chicago
arrow_forward_ios

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

Loading...