Two Trees Management | The Real Deal New York

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Two Trees Management

45 Main Street, Suite 602
Brooklyn, NY 11201
(718) 222-2500
Website
contact@twotreesny.com

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.


11/09/18
...Moinian Group, the Durst Organization, the LeFrak Organization, Two Trees Management, Rudin Management and a slew of others. And several of those clients have also...

11/05/18
...landlord is 25 Paidge LLC, an entity tied to Two Trees Management. Zenith sold the site as part of a $62 million sale-leaseback. 3) Cahill Gordon & Reindel...

...Moinian Group, the Durst Organization, the LeFrak Organization, Two Trees Management, Rudin Management and a slew of others. And several of those clients have also...

10/26/18
...square feet. 2. Address: 25 Paidge Avenue, approximately $62 million Buyer: Two Trees Management Seller: Zenith Energy Terminals Two Trees Management purchased this petroleum facility in Greenpoint from...

10/18/18
...But real estate scion Jed Walentas, who heads Two Trees Management, seems to have picked a clear winner. Walentas recently described being a part owner...

10/10/18
...facility for $62 million to an LLC linked with Two Trees Management in a sale-leaseback, according to property records. The signatory for the buyer of 25 Paidge...

10/01/18
...with influencers to market new buildings. For example,Two Trees Management hired actress/writer Tavi Gevinson to promote the company’s 379-unit rental at 300 Ashland...

09/18/18
...the projects backers are in real estate, including Two Trees Management...

09/14/18
...social media "influencers" to promote their properties. Brooklyn-based Two Trees Management, for example, hired Tavi Gevinson to live in and promote 300 Ashland, a 379-unit building...

08/31/18
...and $10,000 from an LLC linked to Jed Waltenas' Two Trees Management. Since launching her campaign in May, James’ fundraising efforts got a boost from another...

08/16/18
...work rather than hiring outside companies. JDS Development, Two Trees Management, DDG Partners, Related Companies, SJP Properties and others have taken on the role of...

07/27/18
...building spans 118,230 square feet. 5. 118 Second Avenue, $53 million Buyer: Two Trees Management Seller: Forest City Ratner Two Trees closed on this retail property in Gowanus in...

07/25/18
...site, which is currently a parking lot, from Two Trees Management. Neither party confirmed what the sale price was by time of publication. Two Trees...

07/17/18
...whose investment in the building is still pending. Two Trees Management’s head of external affairs, David Lombino, said Kushner Companies wasn’t known in...

07/13/18
...bets on neighborhoods. Firms like Forest City Ratner, Two Trees Management and Spitzer Enterprises, for example, also spent big on these neighborhoods, but made fewer...

...whose investment in the building is still pending. Two Trees Management’s head of external affairs, David Lombino, said Kushner Companies wasn’t known in...

06/20/18
...Ingels’ company moved into a 50,000-square-foot space at Two Trees Management...

06/19/18
...square feet in the works in Brooklyn. While Two Trees Management is working on its 2.9 million-square-foot Domino Sugar refinery site in Williamsburg and the Chetrit...

06/10/18
...Rendering of Domino Sugar Park (behind) and Two Trees Management...

06/04/18
...New York State Housing Finance Agency bonds at Two Trees Management’s project at 260 Kent Avenue in Williamsburg on the Domino Sugar Factory site. The...

...square feet in the works in Brooklyn. While Two Trees Management is working on its 2.9 million-square-foot Domino Sugar refinery site in Williamsburg and the Chetrit...

05/24/18
...-37 12th Street and Jed Walentas (Credit: Google) Two Trees Management has closed on part two of its $115 million Gowanus assemblage. The company purchased 1-...

05/17/18
...tenants and that new development is disproportionately residential. Two Trees Management...

05/11/18
...of L&L MAG, Jed Walentas of Two Trees Management Company, Andrew Kimball of Industry City, among others, will provide speeches at the event...

04/30/18
...on River Street, together 3.2 acres just north of Two Trees Management...
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 Retail Leasing
  • Address 125 Court Street
  • Neighborhood Cobble Hill
  • Borough Brooklyn
  • Square feet 3,800
  • Publication Date 10/15/2018
  • Event Date 10/12/2018
  • Party 1 Two Trees Management
  • Party 1 Brokerage Ripco Real Estate
  • Party 1 Broker Jason Pennington, Andrew Clemens
  • Party 2 Sweetgreen
  • Party 2 Brokerage SCG Retail
  • Party 2 Broker Jacqueline Klinger, Taryn Brandes
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
  • Publication Date 08/20/2018
  • Event Date 08/14/2018
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Bonnie Campbell, Bridget McCrum
  • Party 2 Roberta's
  • Party 2 Brokerage Lee & Associates NYC
  • Party 2 Broker Jaime Schultz, Jeffrey Lopez
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
  • Publication Date 07/16/2018
  • Event Date 07/12/2018
  • Party 1 Two Trees Management
  • Party 1 Brokerage Ripco Real Estate
  • Party 1 Broker Jason Pennington
  • Party 2 Sweetgreen
  • Party 2 Brokerage SCG Retail
  • Party 2 Broker Jacqueline Klinger, Taryn Brandes
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
  • Publication Date 06/04/2018
  • Event Date 05/24/2018
  • Party 1 5 Westminister Property
  • Party 1 Brokerage TerraCRG
  • Party 1 Broker Dan Marks, Ofer Cohen, Daniel Lebor
  • Party 2 Two Trees Management
  • Party 2 Brokerage Meral Property Group, Joyland Group
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
  • Publication Date 05/15/2018
  • Event Date 04/18/2018
  • Party 1 Two Trees Management
  • Party 2 Signature Bank
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
  • Publication Date 04/09/2018
  • Event Date 04/04/2018
  • Party 1 Two Trees Management
  • Party 2 New York State Housing Finance Agency
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
  • Publication Date 11/20/2017
  • Event Date 11/17/2017
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Bonnie Campbell
  • Party 2 Dumbo Market
  • Party 2 Brokerage HUDSON
  • Party 2 Broker Jason Gerbsman
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
  • Publication Date 10/02/2017
  • Event Date 09/26/2017
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Bonnie Campbell
  • Party 2 Scotch & Soda
  • Party 2 Brokerage RKF
  • Party 2 Broker Benjamin Zack, Beth Rosen
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
  • Publication Date 10/01/2017
  • Event Date 09/15/2017
  • Party 1 Two Trees Management
  • Party 2 Wells Fargo
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
  • Publication Date 07/01/2017
  • Event Date 06/15/2017
  • Party 1 Two Trees Management
  • Party 1 Brokerage Two Trees Management
  • Party 1 Broker Dan Conlon, Elizabeth Bueno
  • Party 2 Mission
  • Party 2 Brokerage Lee & Associates NYC
  • Party 2 Broker Dennis Someck, Justin Myers
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.
  • Event Office Leasing
  • Address 55 Washington Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 74,000
notes
The millennial-focused bad-boy media company signed a lease.
  • Event Retail Leasing
  • Address 300 Ashland
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Square feet 12,000
notes
The technology firm signed a 10-year lease on the ground floor.
  • Event Financing
  • Address 20 Jay Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Price $ 135,000,000
notes
The company secured a $135 million loan.
  • Event Retail Leasing
  • Address 81 Washington Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 2,526
notes
The american café restaurant signed a lease.
  • Event Office Leasing
  • Address 55 Washington Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 54,875
notes
The educational company signed a lease.
  • Event Office Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 70,000
notes
The workplace training startup signed a 10 year lease for the entire 5th, 6th, and 12th floors.
  • Event Office Leasing
  • Address 50 West 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 31,000
notes
The cloud-computing company signed a five-year lease.
  • Event Retail Leasing
  • Address 55 Washington Street
  • Neighborhood Dumbo
  • Borough Brooklyn
  • Square feet 22,000
notes
The upscale gym signed a lease.
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When it opened in 1882, the Domino Sugar refinery on the Williamsburg, Brooklyn,...

...and condo units. Meanwhile, David and Jed Walentas’ Two Trees Management, the developers behind the $1.5 billion redevelopment of the old Domino Sugar refinery in Williamsburg...

...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...

...David and Jed Walentas of Two Trees Management are the busiest developers in Brooklyn All the talk about a second wave of...

...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...

...market one-off trophy properties in their projects, as Two Trees Management did with the penthouse in the Clocktower Building in Dumbo. “It’s extremely helpful...

...went into contract. David Walentas, the founder of Two Trees Management Company credited with transforming Dumbo into a success story over the past three decades...
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