12 Firms Ink Deals at Brooklyn Navy Yard

BROOKLYN, NY-The Brooklyn Navy Yard continues to bustle with activity as 12 firms ink deals at the industrial property. The transactions run the gamut from relocations, new leases, renewals and expansions.In relocation deals, S & G Fine Chair Collection is moving its 12-employee operation from the Gowanus area of Brooklyn to 16,000 sf at the Navy Yard; Barnett Spice of New York is relocating its three-person operation from the Williamsburg section of Brooklyn to 1,700 sf; City Landmark, a high-end renovations contractor, is moving its six-employee operation from Lower Manhattan to 2,800 sf; Canopy Studios, a design studio, is relocating its two-person operation from Windsor Terrace area of Brooklyn to 600 sf; and Ping Chong & Co., a nonprofit theatrical company involved in set construction and storage, is expanding its operations, which are headquartered in Manhattan’s Greenwich Village, to a 5,500-sf space in the Navy Yard. In expansion deals, DCM Fabrication, with five employees, is expanding its presence at the Navy Yard from 2,800 sf to 8,300 sf; Susan Woods, with six employees, is adding 2,700 sf bringing its total occupied area to 6,400 sf; Independent Monitoring & Analysis, a five-employee environmental testing company, is adding 300 sf, bringing its total occupied space to 1,700 sf; and BNY Co-Generation Partners, which occupied two buildings at the Navy Yard for its plant and storage, is adding 5,100 sf of office space in a third building and expects to hire five additional employees.In addition, Engraved Sign Studio, a four-employee firm who has been a Navy Yard tenant for approximately two decades, is renewing its 6,700-sf lease; Ferra Design, a seven-employee operation, is taking 700 sf; and Paul Wood, a single-employee customized woodworking and cabinetry business, is taking 600 sf. All together the deals total 104 industrial jobs and 62,400 sf of space. The Brooklyn Navy Yard has more than 220 private-sector tenants employing approximately 4,100 people. “The Brooklyn Navy Yard offers an excellent business environment for the expansion of entrepreneurial companies,” says Brooklyn Navy Yard Development Corp. president Eric Deutsch. “By promoting the growth of these industrial companies, the Navy Yard fortifies the local economy by helping small companies deepen their roots in New York City.” Owned, by New York City and managed by the Brooklyn Navy Yard Development Corp., the 300-acre industrial property contains 3.5 million sf of existing space with 40 rentable buildings which are 98 % occupied. Last year, Mayor Michael Bloomberg revealed plans to add up to 500,000 sf of space and as many as 800 jobs at the site within the next five years.