Jed Walentas | The Real Deal New York

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Jed Walentas

Principal
Two Trees Management
45 Main Street, Suite 602
New York, NY 11201
718.222.2500

Jed Walentas has, since joining it in 1997, gradually come to run the daily operations of Two Trees Management, the development firm his father launched in the 1970s.

More than that, the younger Walentas has expanded the firm’s footprint well beyond its Dumbo, Brooklyn roots. (Two Trees basically invented the neighborhood whole-cloth once the city in the late 1990s O.K.’d a rezoning of it from industrial to mostly residential and retail use.)

Some of the projects that Jed Walentas has overseen include the Wythe Hotel in Williamsburg, Brooklyn, the 110 Livingston condo conversion in downtown Brooklyn and the Mercedes House luxury apartment complex on Manhattan’s West Side. He also played a leading role in the conversion of the Domino Sugar refinery on the Williamsburg waterfront into approximately 2,200 apartments.

Jed Walentas got his start in real estate with the Trump Organization, following his graduation from the University of Pennsylvania. It was after that rezoning of Dumbo that he jumped to Two Trees.

45 Main Street The 475,000-square-foot office building at 45 Main Street in Brooklyn is one of the signature properties of the Dumbo neighborhood. Developer and landlord Two Trees Management created the enclave down under the Manhattan Bridge overpass pretty much from scratch.

Forty-five Main Street reflects the company’s ethos for the neighborhood: It’s been fixed up and modernized, and squarely aimed toward up-and-coming companies, especially tech firms (think ample bike storage and the latest in Internet infrastructure). Digital agency Huge rents 80,000 square feet in the building, where asking rents average $42 a square foot.

Also in keeping with the traditions of Dumbo, tenants can take advantage of certain government-sponsored relocation benefits to reduce their rents by as much as $15 a square foot.


10/18/18
...struggle to break even. But real estate scion Jed Walentas, who heads Two Trees Management, seems to have picked a clear winner. Walentas recently...

10/10/18
...Paidge Avenue in Brooklyn and Jed Walentas (Credit: Google Maps and Getty Images) Texas-based company Zenith Energy has sold a Greenpoint...

09/18/18
...are in real estate, including Two Trees Management's Jed Walentas and the Durst Organization's Helena Durst. "Adam’s expertise was critical in helping launch...

08/16/18
...From left: Michael Stern, Jed Walentas and Steve Ross In 1898, Julius Tishman built a six-story tenement building, ultimately sparking the...

06/27/18
...of the Rudin real estate family, Rob Speyer, Jed Walentas, William Mack, Joseph Simone, Frederick Elghanayan, Scott Rechler, John Catsimatidis, Jeff Gural, landlord SL...

06/10/18
...Domino Sugar Park (behind) and Two Trees Management's Jed Walentas. (Credit: COOKFOX and Michael McWeeney) There's a new factory up and running at the...

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

05/17/18
...MaryAnne Gilmartin and Jed Walentas The fate of the development site across the street from the Barclays Center remains...

05/11/18
...submarket. MaryAnne Gilmartin of L&L MAG, Jed Walentas of Two Trees Management Company, Andrew Kimball of Industry City, among others, will provide...

04/18/18
...Second Avenue and Jed Walentas Two Trees Management has closed on the $53 million purchase of a leasehold for a...

04/13/18
...Rendering of Domino Sugar Park and Jed Walentas (Credit: COOKFOX and Michael McWeeney ) A trio of banks has picked up $175 million in...

03/29/18
...From left: 325 Kent Avenue, Jed Walentas, Joseph Chetrit and 9 DeKalb Avenue (Credit: COOKFOX, Michael McWeeney and SHoP Architects) Trendy Brooklyn...

03/19/18
...Jed Walentas, Tavi Gevinson and 300 Ashland (Credit: Michael McWeeney and Getty Images ) Advertisers will spend $1.6 billion...

02/27/18
...struggle to break even. But real estate scion Jed Walentas, who heads Two Trees Management, seems to have picked a clear winner. Walentas recently...

01/26/18
...Rendering of 120 3rd Avenue in Brooklyn and Jed Walentas (Credit: Aufgang Architects and Michael McWeeney) City officials have selected Two Trees Management and...

01/23/18
...Bond Street and Jed Walentas Jed Walentas appears to be the new owner of a Noho penthouse designed by its former...

01/19/18
...Congress president Richard Anderson and Two Trees Management's Jed Walentas. Manhattan borough president Gale Brewer stopped by on her way to three community board...

09/19/17
...at 292-314 Kent Avenue. Last year, Two Trees' Jed Walentas indicated that he was looking for "creative" tenants to take the space. In an...

09/13/17
...Two Trees Management's Jed Walentas and 55 Washington Street in Dumbo (Credit: Michael McWeeney and Two Trees) Two Trees Management...

09/13/17
...Justin Elghanayan; Jared Kushner and Nicole Kushner Meyer; Jed Walentas From the September issue: New York City has a long, storied tradition of families...

09/12/17
...From left: Michael Stern, Jed Walentas and Steve Ross In 1898, Julius Tishman built a six-story tenement building, ultimately sparking the...

...Justin Elghanayan; Jared Kushner and Nicole Kushner Meyer; Jed Walentas New York City has a long, storied tradition of families shaping its skyline. Family-run...

08/08/17
...From top: 465 Pacific Street, 172 Montrose and Jed Walentas (Credit: Google Maps and Michael McWeeney) In the world of mid-market New York City...

...struggle to break even. But real estate scion Jed Walentas, who heads Two Trees Management, seems to have picked a clear winner. Walentas recently...

...a citywide view in mind. Two Trees CEO Jed Walentas said he’d been “admiring” SHoP’s work for several years before hiring 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 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 Retail Leasing
  • Address 164 Atlantic Avenue
  • Neighborhood Cobble Hill
  • Borough Brooklyn
  • Square feet 9,244
notes
The national clothing retailer signed a lease for 4,600 square feet of ground-floor space and 4,644 square feet of cellar space.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 7,042
notes
The nonprofit signed a lease for studio space.
  • Event Office Leasing
  • Address 20 Jay Street
  • Neighborhood DUMBO
  • Borough Brooklyn
  • Square feet 7,042
notes
The nonprofit consortium of 36 art schools took space for an art studio for students.