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A Newmark team led by Brian Waterman has arranged 66,000 square feet of leases at The Factory LIC, a creative office campus in Long Island City

Newmark Tallies 66K SF of Leases at The Factory LIC 

Newmark recently completed several leasing transactions totaling nearly 66,000 square feet at The Factory LIC, a 1.1 million-square-foot creative loft office building in Long Island City. Executive vice chairman Brian Waterman, vice chairman Howard Kesseler, senior managing director Jordan Gosin and associate director Alex Rosenblum represented ownership, a joint venture between Atlas Capital Group, Partners Group, acting on behalf of its clients, and Invesco Real Estate. 

Tenant commitments include the New York City Employees’ Retirement System’s renewal of its 30,559-square-foot space and La Maison du Chocolat’s renewal and expansion of 12,828 square feet. The chocolatier extended its 4,902-square-foot space and expanded into 7,926 square feet. Additional renewals include Bombardier at 8,059 square feet, 20th Television at 8,353 square feet and Broadway Stages at 6,450 square feet. 

“The Factory LIC is truly a one-of-a-kind workplace that has attracted a diverse mix of creative tenants thriving at this location,” said Waterman.  


Inside The Story

Newmark's Waterman

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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