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Two Trees Management

45 Main Street, Suite 602
Brooklyn, NY 11201
(718) 222-2500
Website
con[email protected]

Two Trees Management is a family-owned real estate development firm founded in 1968 by David Walentas and the late Jeff Byers. The firm is synonymous with Dumbo in Brooklyn, an erstwhile derelict industrial hub that Walentas redeveloped into a home and playground for wealthy and creative New Yorkers. As of September 2015, David's son Jed Walentas ran the firm's day-to-day operations. Two Trees has owned, managed, and developed a portfolio worth $3 billion, including more than 6,000 apartments and over 3 million square feet of office and retail space. Beginning in 1978, David Walentas started buying up property in the gritty area between the Manhattan and Brooklyn Bridges, amassing 13 buildings, including the Clock Tower Building. He then refurbished the buildings to house condominiums, rentals, artist lofts and retail nooks for up-and-coming designers. Two Trees initially kept rental prices depressed to ensure an arty, edgy mix of tenants.

Two Trees Management, Principal
45 Main Street, Suite 602, New York, NY, 718.222.2500
Jed Walentas has, since joining it in 1997, gradually come to run the...
Two Trees Management, Founder and Principal
45 Main Street, #602, Brooklyn, NY, (718)-222-2500
David Walentas is the co-founder, with the late Jeff Byers, of Two Trees...
  • Event Office Leasing
  • Address 55 Washington Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 1,714
  • Price per foot $ 52.00
  • Publication Date 09/06/2019
  • Event Date 09/06/2019
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 2 Duke Properties
  • Party 2 Brokerage TerraCRG
  • Party 2 Broker Caroline Pardo, Micah Hecht
notes
The real estate investment company inked a 5-year lease for the Dumbo building which had an asking rent of $52 per square foot.
  • Event Office Leasing
  • Address 55 Washington Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 7,076
  • Price per foot $ 49.00
  • Publication Date 09/06/2019
  • Event Date 09/06/2019
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 2 Experience Interaction
  • Party 2 Brokerage TerraCRG
  • Party 2 Broker Caroline Pardo, Micah Hecht
notes
The ad agency inked a 5-year lease for the Dumbo space which had an asking rent of $49 per square foot.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 6,271
  • Publication Date 08/30/2019
  • Event Date 08/26/2019
  • Party 1 Two Trees Management
  • Party 2 National Student Nurses Association
  • Party 2 Brokerage Joseph Armano Real Estate
  • Party 2 Broker Joseph Armano
notes
The non profit signed a deal to renew its lease for the Dumbo building.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 4,000
  • Publication Date 08/09/2019
  • Event Date 08/08/2019
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Elizabeth Bueno
  • Party 2 TuneCore
  • Party 2 Brokerage Cresa
  • Party 2 Broker Robert Sattler, Mark Toubin
notes
The indie music distributor signed a deal to expand its 7-year lease for the Dumbo building.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 4,000
  • Publication Date 08/09/2019
  • Event Date 08/08/2019
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Elizabeth Bueno
  • Party 2 TuneCore
  • Party 2 Brokerage Cresa
  • Party 2 Broker Robert Sattler, Mark Toubin
notes
The indie music distributor signed a deal to expand its 7-year lease for the Dumbo building.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 4,000
  • Publication Date 08/09/2019
  • Event Date 08/08/2019
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Elizabeth Bueno
  • Party 2 TuneCore
  • Party 2 Brokerage Cresa
  • Party 2 Broker Robert Sattler, Mark Toubin
notes
The indie music distributor signed a deal to expand its 7-year lease for the Dumbo building.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 4,000
  • Publication Date 08/09/2019
  • Event Date 08/08/2019
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Elizabeth Bueno
  • Party 2 TuneCore
  • Party 2 Brokerage Cresa
  • Party 2 Broker Robert Sattler, Mark Toubin
notes
The indie music distributor signed a deal to expand its 7-year lease for the Dumbo building.
  • Event Financing
  • Address 45 Main Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 475,000
  • Price $ 85,000,000
  • Publication Date 05/30/2019
  • Event Date 05/28/2019
  • Party 1 Two Trees Management
  • Party 2 JPMorgan Chase
notes
The owner secured a loan of $85 million for the Dumbo property.
  • Event Retail Leasing
  • Address 125 Court Street
  • Neighborhood Cobble Hill
  • Borough Brooklyn
  • Square feet 3,800
notes
The eatery signed a lease for the Cobble Hill building.
  • Event Retail Leasing
  • Address 260 Kent Avenue
  • Neighborhood North Williamsburg
  • Borough Brooklyn
  • Square feet 2,292
notes
The restaurant inked a lease for the North Williamsburg space.
  • Event Retail Leasing
  • Address 125 Court Street
  • Neighborhood Boerum Hill
  • Borough Brooklyn
  • Square feet 3,312
notes
The restaurant inked a lease for the Boerum Hill space.
  • Event Sales
  • Address 1-37 East 12 Street
  • Neighborhood Gowanus
  • Borough Brooklyn
  • Square feet 86,250
  • Price $ 62,000,000
notes
The buyer acquired the 86,250 square feet proeprty, where a Path Mark is currently placed, for $62 million.
  • Event Financing
  • Address 118 2nd Avenue
  • Neighborhood Gowanus
  • Borough Brooklyn
  • Square feet 400,000
  • Price $ 27,500,000
notes
The owner secured a $27.5 million loan for the Gowanus building.
  • Event Sales
  • Address 118 2nd Avenue
  • Neighborhood Gowanus
  • Borough Brooklyn
  • Square feet 400,000
  • Price $ 53,000,000
notes
The buyer acquired the leasehold for the Gowanus property for $53 million.
  • Event Financing
  • Address 260 Kent Avenue
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 175,000,000
notes
The owner secured a $175 million mortgage for the Williamsburg property.
  • Event Sales
  • Address 1-37 12th Street
  • Neighborhood Gowanus
  • Borough Brooklyn
  • Square feet 170,000
  • Price $ 100,000,000
  • Publication Date 02/06/2018
  • Event Date 01/29/2018
  • Party 1 Meral Property Group, Joyland Group
  • Party 2 Two Trees Management
notes
The buyer acquired the Gowanus site and adjacent parking lot for $100+ million.
  • Event Retail Leasing
  • Address 66 Front Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 16,000
notes
The first full-service supermarket in Dumbo inked a 20-year lease.
  • Event Retail Leasing
  • Address 76 Front Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 2,500
  • Price per foot $ 85.00
notes
The Dutch fashion company inked a 10-year lease.
  • Event Financing
  • Address 55 Washington Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 448,300
  • Price $ 100,000,000
notes
The real estate firm acquired a $100 million refinancing loan for this property, home to Vice Media HQ.
  • Event Retail Leasing
  • Address 325 Kent Avenue
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 4,000
  • Publication Date 09/25/2017
  • Event Date 09/19/2017
  • Party 1 Two Trees Management
  • Party 2 Missy Robbins
notes
The woman behind the Williamsburg restaurant, Lilia, inked a lease in Two Trees Management's Domino Sugar redevelopment.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 9,900
  • Price per foot $ 42.00
notes
The communications agency inked a 10-year lease.
  • Event Retail Leasing
  • Address 325 Kent Avenue
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 1,504
notes
The wine store inked a lease.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 9,900
notes
The U.K.-based media marketing firm signed a new 10-year lease in Dumbo.
  • Event Office Leasing
  • Address 45 Main Street
  • Neighborhood Fulton Ferry
  • Borough Booklyn
  • Square feet 50,000
notes
The architecture firm signed a lease.
  • Event Office Leasing
  • Address 300 Ashland Place
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Square feet 43,000
notes
The high-end, organic grocery retail chain signed its first 365 lease in the tri-state area.
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Two Trees Management
When it opened in 1882, the Domino Sugar refinery on the Williamsburg, Brooklyn,...

03/29/2018
From left: 325 Kent Avenue, Jed Walentas, Joseph Chetrit and 9 DeKalb Avenue (Credit: COOKFOX, Michael McWeeney and SHoP Architects) Trendy Brooklyn neighborhoods like Dumbo From left: 325 Kent Avenue, Jed Walentas, Joseph Chetrit and 9 DeKalb Avenue (Credit: COOKFOX, Michael McWeeney and SHoP Architects) Trendy Brooklyn neighborhoods like Dumbo...

10/31/2017
Clockwise from top left: Rending for the Long Island College Hospital redevelopment in Cobble Hill, 97 Columbia Heights and 55 Washington Street in Dumbo UPDATED, Clockwise from top left: Rending for the Long Island College Hospital redevelopment in Cobble Hill, 97 Columbia Heights and 55 Washington Street in Dumbo UPDATED,...

10/27/2017
Some of the larger Brooklyn projects from the third quarter include Douglaston Development’s 40-story, 554-unit rental tower at 2 North 6th Street on the Williamsburg waterfront, and Two Trees Management’s 522-unit project at 325 Kent Avenue, the first development in Williamsburg’s Domino Sugar site...

09/01/2017
Two Trees Management, Rockrose, Solow Realty & Development and the Kraus Organization filled out the Top 10 on the ownership chart...

07/01/2017
(Click to enlarge) When Brooklyn’s most heralded startup, the online marketplace Etsy, inked a 200,000-square-foot lease at Dumbo Heights in July 2014, many saw it (Click to enlarge) When Brooklyn’s most heralded startup, the online marketplace Etsy, inked a 200,000-square-foot lease at Dumbo Heights in July 2014, many saw it...

09/01/2015
Meanwhile, David and Jed Walentas’ Two Trees Management, the developers behind the $1.5 billion redevelopment of the old Domino Sugar refinery in Williamsburg, clocked in at No...

11/01/2014
Her projects include the Strata at Mercedes House, Invesco Real Estate’s portion of Two Trees Management’s zig-zag building in Hell’s Kitchen, and the sister building on 29th Street...

08/01/2014
The most active developer in the borough, according to TRD’s ranking, is Two Trees Management, which is spearheading the massive redevelopment of the Domino Sugar factory in Williamsburg...

06/01/2014
Meanwhile, the Two Trees Farm, an equestrian estate owned by developer David Walentas of the Dumbo-based Two Trees Management Company, is an open listing that first went on the market in June 2010 asking $95 million...

06/01/2012
In contrast, developers typically bring in Gumley Haft Kleier to market one-off trophy properties in their projects, as Two Trees Management did with the penthouse in the Clocktower Building in Dumbo...

01/31/2010
Click chart for larger versionThirty years ago, the notion that the largely industrial area at the foot of the Manhattan and Brooklyn bridges would one Click chart for larger versionThirty years ago, the notion that the largely industrial area at the foot of the Manhattan and Brooklyn bridges would one...