NEW YORK CITY-Kalmon Dolgin Affiliates has arranged a 67,362 square-foot lease for Cadogan Tate New York, a London-based fine arts storage company, at 301 Norman Ave. in the Greenpoint section of Brooklyn. Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin, made the announcement.
Grant Dolgin and Dmitri Gourianov at the brokerage firm represented the tenant in the deal, while Jeffrey Unger, also of KDA, represented the owner, 301 Norman Avenue, LLC. The new lease marks an expansion for the company–the space at 301 Norman Ave. is Cadogan Tate's first Brooklyn location; the company has three other spots in Long Island City and Astoria. The company immediately will occupy over 25,000 square feet in phase one of its planned New York expansion and will occupy the remaining space during the secod phase.
For more than 35 years, Cadogan Tate has served as an art storage and shipping service provider, offering locations in London, Paris, Côte d'Azur and Los Angeles. The firm's offerings include secure, temperature controlled storage for fine art; local, national and international transport as well as inventory tracking.
“Cadogan will benefit strongly from the Norman avenue property's central location, distance from flood zones and easy accessibility from the five boroughs and other locales in the tri-state area,” says Neil Dolgin. “We were able to use our wide range of expertise in the industrial market to find Cadogan the best location to meet its art storage and shipping needs.”
Located on a prime site at the T-intersection of Morgan and Norman avenues, 301 Norman Ave. is a one-story, 67,362-square-foot building with 25,000 square feet of land, which can be used for parking. The building features one interior loading dock, six drive-in doors, gas heat, heavy power, 26-foot ceilings and is fully sprinklered.
This is one of two large leases arranged by Kalmon Dolgin Affiliates recently for an art storage and shipping company. Fred Rufrano of KDA negotiated 35,000 square feet for Cirkers at 106 Bayard St., also in Brooklyn, for the company's second New York location.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.