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Spaces Opts for DUMBO as Second Brooklyn Site
In its second New York leasing deal this month, coworking provider Space has signed a 61,539-square-foot lease at Normandy Real Estate Partners’ 175 Pearl St. in Brooklyn’s DUMBO neighborhood. The brand earlier signed a lease for 100,000 square feet at 787 Eleventh Ave. in Midtown Manhattan.
“Spaces targeted DUMBO for its second location in Brooklyn due to the popularity of the area with its members, the 24/7/365 nature of the neighborhood and its great amenity base,” said CBRE’s Mark Ravesloot, who represented Spaces together with colleagues Scott Sloves and Peter Danna.
More specifically, he added, 175 Pearl offers “the most central location in DUMBO in relation to subways to Manhattan and to the rest of the borough.”
CBRE’s Neil King, Patrice Meagher, Paul Amrich, Jeff Fisher and Sacha Zarba represented Normandy. Spaces, which is owned by Brussels-based IWG, will move into 175 Pearl in early 2019.
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- ◦Lease
