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More Space Is in the Works for Navy Yard

BROOKLYN, NY-The signing of 422,300 sf in industrial deals over the past few months, stands as proof positive to the city that more space is needed at the Brooklyn Navy Yard. An expansion effort is expected to generate as many as 800 jobs.

By Barbara Jarvie | Updated on July 14, 2004

BROOKLYN, NY-The city has put a strategic plan into effect to expand the industrial and manufacturing space, and increase employment, in the Brooklyn Navy Yard Development. Brooklyn Navy Yard Development Corp. president Eric Deutsch tells GlobeSt.com that 97%-occupied site is fueled by industrial and manufacturing concerns in the 10,000-sf range. The strategic plan that calls for creation of as much as 500,000 sf of additional industrial space in the 300-acre industrial park’s western section.

“It’s how we make space work,” Deutsch says. “We take larger spaces and break them into 3,000 to 6,000 sf spaces. They have higher rents and are in higher demand.”

Deutsch cites mostly “great word of mouth” as the driver behind 38 firms renewing, relocating or expanding at the site since the beginning of the year. That represents 422,300 sf of space. Another factor, he says, is a targeted advertising campaign.

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