4:15 PM
Newmark is pleased to announce that it has been retained as the exclusive leasing agent for the remaining 90,000 square feet of office space at four properties located at Dumbo Heights, a 1.2-million-square-foot office and retail complex in Dumbo Heights, Brooklyn. The properties, owned by Kushner Companies, RFR Realty and LIVWRK, are located on the waterfront in the heart of the Brooklyn “tech triangle.”
Totaling 1.2 million square feet, Dumbo Heights is an ideal corporate location, and fits perfectly into the ethos of the Dumbo Heights neighborhood itself. The property has quickly attracted major companies, such as WeWork, 2U, Etsy, Prolific Interactive, and Frog Design. Offering excellent access to several major transportation corridors, the campus is steps away from the Brooklyn F stop, which directly links to Midtown South, and is centrally located near the A/C and 2/3 trains. Conveniently, the complex is also near bus stations and includes bike-friendly lanes across the Brooklyn Bridge to and from Manhattan. In addition to transportation, Dumbo Heights is a hub for fresh eateries, including Bluestone Lane, Mulberry & Vine, Untamed Sandwiches, Taco Dumbo, and Randolph Beer. Other amenities include Yoga Vida and Shadowbox.
77 Sands, the second of the five buildings comprising the Dumbo Heights campus, stands 12 stories tall and features a typical floor size of 18,800 rentable square feet. A block of space totaling 75,000 RSF offers companies the chance to join a collaborative campus of innovating, cutting edge companies. One of the few remaining blocks of space in Dumbo Heights, 77 Sands offers extra-height ceilings (10’0”-15’6”), excellent natural light with four sides of windows, and a brand-new roof deck overlooking the incredible Brooklyn campus.
Slightly smaller in size, 55 Prospect Street offers pre-builts that range from 1,000 to 5,000 square feet. Each tenant leasing these spaces has access to shared conference rooms, newly designed pantries, and a common roof deck, which overlooks the Brooklyn Bridge into Lower Manhattan. The spaces are ideal for growing firms that are looking for a high-end space but wish to avoid long-term leases and expensive build-out costs.
“It is clear why Dumbo Heights is rapidly becoming the area’s most sought-after destination,” said Newmark Managing Director Whitten Morris who will head the leasing efforts with his colleague, Associate Joseph Sipala. “This campus offers exciting conveniences with its office, retail and lifestyle amenities while offering a collaborative work environment that cutting-edge companies are seeking. With the added benefit of its modern amenities, any tenant would thrive in this environment.”
About Newmark
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
Newmark is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.