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New York & Tri-State  + Outer  + Office  |  November 29, 2022
Metergy Solutions has leased 12,702 square feet of office space at The Factory in Long Island City for a subsidiary
Paul Bubny
By: Paul Bubny

Submetering Provider Metergy Leases Long Island City Offices for Subsidiary

Newmark completed a new 12,702 square-foot lease for submetering provider Metergy Solutions at The Factory, located at 30-30 47th Ave. in Long Island City. Built in 1926 as a furniture warehouse for Macy’s, The Factory is owned by a joint venture between Atlas Capital Group, Partners Group and Invesco Real Estate.  

Ownership was represented by Newmark executive vice chairman Brian Waterman, vice chairman Howard Kesseler, senior managing director Jordan Gosin and associate director Alex Rosenblum. CBRE’s Liz Lash represented Metergy Solution, which will house subsidiary QuadLogic Controls at The Factory. 

“We are looking forward to Metergy Solutions joining the vibrant tenant mix at The Factory,” said Waterman. “The fact that the company was already present in Long Island City and chose to relocate to the Factory further reinforces the type of product we offer and continues to contribute to the great leasing velocity we’ve witnessed.”

Read More News Stories About: CBRE, Newmark
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Newmark's WatermanCBRE's Lash

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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 GlobeSt.com 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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