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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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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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