Industry City Rolls Out Red Carpet for Creatives

Tenants of Industry City’s Building 19, in Sunset Park, already include the Brooklyn Nets and Time Inc.

NEW YORK CITY—Looking to court creative office occupiers in need of space, Brooklyn’s Industry City has revealed plans to renovate Building 19 to create a block of 500,000 square feet. Located in the Sunset Park area, the sprawling complex features six million square feet of warehouse structures on the waterfront. The facility has retained a Newmark Grubb Knight Frank team—led by tri-state region president David Falk—as the exclusive leasing agent for the new space. The  large block is spread out over seven floors in Industry City’s Building 19, which already is home to the Brooklyn Nets’ practice center. Improvements to the building include upgrades to the basic infrastructure, new windows, and a new lobby.  The space offers 13-foot ceilings, large floor plates, superior connectivity, and views of the Manhattan skyline, East River and Statue of Liberty. “While the city’s innovation economy continues to grow, the sectors leading its resurgence continue to be challenged by the white-hot real estate market,” says Andrew Kimball, CEO of Industry City. “Activating this space will help maintain the city’s competitive advantage and ability to capture the job-generating companies looking to expand here.” “We’re confident that this effort will further establish the property on the national stage as a vibrant innovation hub,” adds Kathe Chase, director of leasing at Industry City, who will collaborate with Falk’s team. “Newmark Grubb Knight Frank has a proven track record of attracting high-employment, innovation economy companies to the borough.” “The culture of Industry City—driven by its diverse range of creative and innovative tenants, as well as the ownership’s emphasis on place-making—is what makes the property unlike any other place in New York City,” asserts Falk. “That authentic Brooklyn culture, combined with the property’s incredible space makes Industry City a major contender with the country’s top companies looking to enter and expand within the Brooklyn market.” Located one block from the D, N and R trains at 36th Street and proximity to more than ten bus lines, Industry City offers tenants accessibility with a 20-minute commute time to Lower Manhattan, and a 30 minute trip to key business and residential neighborhoods throughout Brooklyn. Under the new ownership led by Belvedere Capital and Jamestown, Industry City has leased more than two million square feet of space, including over one million square feet to manufacturers since the transformation of the site into an innovation economy hub was launched in August 2013. Notable tenant acquisitions include Time Inc., which moved 300 employees from its technology, content solutions and editorial innovation departments into a 55,000-square-foot space at the property in December 2015, and Suneris, a Brogrowing biotech startup that is currently in the process of expanding into 35,000 square feet of space at the complex.