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BROOKLYN, NY-Twelve businesses signed leases, renewed leases or expanded operations at the Brooklyn Navy Yard. The firms collectively occupy more than 171,000 sf at 3.5-million-sf property.
Owned by the city and managed by the not-for-profit Brooklyn Navy Yard Development Corp., the 300-acre Navy Yard is home to more than 230 private-sector tenants employing approximately 4,500 workers. It is largest, single-landlord industrial park in the city.
Among the dozen businesses are a bedding manufacturer, a sand and stone distributor, a kitchen cabinet manufacturer, a photography studio and an art installation firm. The yard currently consists of 40 rentable buildings and is 98% occupied. An expansion is expected to add one million sf of commercial, industrial and retail space to the property.
New York Sand & Stone took the bulk of the space by renewing a lease for office space and a bulk handling facility for a combined total of 120,962 sf. Ruckel Manufacturers expanded to a 21,725-sf space for its 25 employees and Alko Decor Kitchens Corp. renewed a 938-sf lease. Concourse Precast, a construction firm engaged in improvements on the Brooklyn Queens Expressway, leased 6,432 sf for use as field offices.Solomon Oliver Mechanical Corp. signed a lease for 1,200 sf.
EquipSystems inked a new, 330-sf lease and Marc Ganzglass leased 2,900 sf to develop and build public art installations. DCM Fabrication, which designs and constructs for museum, trade show and retail displays, expanded to 10,000 sf. Andrea Rosen Gallery expanded to 5,488 sf to house paintings and other items. It will also provide space for artists to assemble exhibits.
Phillip Fordyce Construction Corp. renewed its lease for a 668-sf office space, while Collaborative Urban Sculpture leased 522 sf. Swift Contracting & Maintenance Corp renewed a 305-sf lease for the storage of tools and materials.
"As one of the best locations in New York for small industrial firms, the Brooklyn Navy Yard provides an outstanding environment that nurtures business growth," said Daniel Conlon, BNYDC executive vice president and chief financial officer. "By supporting small companies with the tools they need to flourish, we continue to expand employment opportunities for New Yorkers."
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