Office leasing is taking off at one property in Downtown Brooklyn. Brookfield Properties has signed three new leases and several lease renewals at MetroTech Center, a 5.5 million square-foot mixed-use complex with access to 13 subway lines and a 3.5-acres public park. The lease transactions total 132,000 square feet.
HeartShare Human Service of New York signed a lease renewal for its 32,696-square-foot space with a 19-year extension; SoulCycle has extended its outdoor studio through June of this year; JLL signed an 11-year lease deal to manage Orchard Workspace, a co-working space that features UV air purifiers, mobile dividers, a micro-market for food and beverage offerings; and The IRS renewed its 48,000-square-foot lease. This is in addition to the complex's growing roster of tenants, which includes Slate, Magellan Health, Think! Architecture and Design, Uniworld Group, Stratasys MakerBot and JPMorgan Chase.
Mark Kostic, SVP of asset management and leasing at Brookfield Properties says that the property has everything that tenants are looking for, like transit, local shops and restaurants and open space, which is why it has seen such strong leasing activity. "Despite the pandemic, we continue to see strong leasing activity and interest at MetroTech and throughout the Brookfield commercial and retail portfolio," he said about the leasing activity at the property.
Continue Reading for Free
Register and gain access to:
- 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
© 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.