Industry City in Brooklyn Industry City in Brooklyn

NEW YORK CITY—The Vera Institute of Justice is relocating to Industry City, a commercial district near the waterfront in Brooklyn's Sunset Park. The non-profit focused on criminal justice reform signed a 15-year lease to move into a new 35,000 square-foot office space at Building Four, 34 35th St., in the 16-building, six million square-foot campus. The asking rent was is the mid-30s per square foot.

Vera will take its current headquarters that handles local and national work from 233 Broadway, the Woolworth Building in Tribeca, to Industry City in fall 2019. The institute currently occupies the full 12th floor, and Crain's had reported their rent was in the $50s per square foot.

The group addresses the causes and consequences of mass incarceration, racial disparities in the justice system, and the loss of public trust in law enforcement. It also focuses on the unmet needs of vulnerable people victimized by crime and violence. Nicholas Turner, the president of Vera, explains how real estate can be intertwined with and boost organizational goals.

“More so than ever before, our task is to drive significant reform of our justice system, injecting innovation and big ideas. Industry City—and Brooklyn—is dynamic, diverse and a central hub for innovation and invention,” says Turner. “It is a great place for us to call home. We will have room to grow, and will be closer to many of the communities we serve locally.”

Vera conducts research and engages in projects with the following priorities: reducing the numbers of people incarcerated; promoting equal justice throughout the diversity of America's population; and transforming conditions of confinement, emphasizing rehabilitation and socialization over retribution.

For example, one of their studies found that immigrants with legal representation are tenfold more likely to remain in the US, following their hearings. The institute's studies have helped various legal advocacy groups raise money to provide lawyers for detained immigrants facing deportation.

In recent years, the organization has been growing in both size and scope, which has been reflected in its choice of new office space.

Vera Institute, Building 4 The Vera Institute will be in Building Four, 34 35th St. in Industry City at the Sunset Park, Brooklyn campus.

Denham Wolf, a real estate firm that provides services for the New York City nonprofit community, represented Vera. Kathe Chase and Jeff Fein provided in-house representation for Industry City. Industry City's website notes that the 6.5-million square-foot complex of industrial, office and retail space spans 30 acres at the historic Bush Terminal. It also states the enterprise is led by managing partners Jamestown, Belvedere Capital and Angelo, Gordon & Co. In addition to office space, it houses textile, light manufacturing, data centers, warehousing and creative businesses.

“When identifying a site for Vera, several considerations came into play,” says Paul Wolf, co-president of Denham Wolf. “The space needed to suit Vera in the present and well into the future. In addition to practical concerns, such as affordability and access to public transit, Vera's core values had to be at the heart of our search.”

When fully built out, Vera's new offices will be connected by a central stairway that enhances interaction among staff members and showcases local art. In designing the space, STUDIOS Architecture directly responded to staff requests and included diverse workspace options, flexible meeting and presentation space, and an on-site café. Denham Wolf is also serving as Vera's project manager in the office's interior fit-out.

Chase, the director of leasing at Industry City, points out there are diverse communities of innovative companies on the campus. “There are natural opportunities for collaboration between Vera and the many nonprofits, academic partners, and progressive companies based at Industry City.”

The industrial park was launched in 2013. Over the past five years, Industry City has invested over $300 million into the property and leased more than three million square feet of space, including one million square feet of manufacturing space. Throughout this period, businesses based at the property have collectively grown by an average of 100 jobs per month, more than tripling from 1,900 jobs in 2013 to 7,000 jobs today.

Highlights of some of the other tenants in the building include Amnesty International, Arts in the Armed Forces, CAMBA, Evergreene Architectural Arts, Grow NYC, Kara E. Walker Inc. and New York City's Departments of Finance, Law and Probation.

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
NOT FOR REPRINT

© 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.

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.