Sunset Park

Full speed ahead for leasing efforts at Industry City

Eye on Real Estate

December 28, 2016 By Lore Croghan Brooklyn Daily Eagle
Welcome to Industry City, a mammoth Sunset Park complex with tenants including the Brooklyn Nets, whose training center is in this building. Eagle photos by Lore Croghan
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Two million five hundred thousand square feet.

That’s how much space the leasing team at Industry City has rented since August 2013,  a spokeswoman for the mammoth waterfront Sunset Park complex told the Brooklyn Eagle via email.

August 2013 was the date when managing partners Belvedere Capital, Jamestown and Angelo, Gordon & Co. started their makeover of the property into an “Innovation Economy hub,” as they call it.

In more prosaic English, this means the tenants are tech companies, media and marketing businesses, manufacturers and artisans, artists, designers and food businesses.

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Their ranks include car-sharing service Car2go, jewelry seller BaubleBar and mail-order pharmacy PillPack.

Recently publicized lease signings include a deal with Prodigious, a Publicis Groupe subsidiary, for a 15,000-square-foot space in Building 2, AKA 220 36th St.

Rents at the industrial, commercial and retail complex range from $15 to $35 per square foot, the spokeswoman said.

The redevelopment plan for Industry City has a $1 billion price tag, execs previously revealed.

Since August 2013, employment at Industry City has grown to 6,000 jobs, the spokeswoman told the Eagle.

Initially, it had been 1,900 jobs, Industry City officials said in an announcement last fall about the property.

There is 6.5 million square feet of space at Industry City, whose 16 buildings were part of historic Bush Terminal. 

A big block of space  — it’s 500,000 square feet in size — is being renovated for use by creative and tech tenants in 1.3 million-square-foot Building 19, AKA 168 39th St.

The Brooklyn Nets have a training center at the top of 168 39th St.

Industry City’s management first announced the creation of the creative/tech space block in Building 19 this past April.

Renovation work is underway or planned throughout Industry City, at buildings including 80 39th St. and 147 41st St., city Buildings Department filings indicate.

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