Liberty Bklyn. Picture courtesy of CommercialEdge
Retail and e-commerce success firm Ship Important has signed a 20,070-square-foot lease at Liberty Bklyn, a 1.3-million-square-foot mixed-use property within the Brooklyn’s Sundown Park neighborhood. Pinnacle Realty brokered the deal on behalf of the landlords, Madison Capital and Salmar Properties.
In Might, Ship Important will relocate to the fifth flooring of Liberty Bklyn from 120 Duane St. in Tribeca. The brand new area already has the required infrastructure for the corporate’s operations, together with electrical, HVAC, workplaces and a big racking system.
In accordance with a latest JLL report, leasing momentum from a record-hitting 2022 carried over into the primary quarter of this 12 months, even within the face of ongoing macroeconomic uncertainties. The report reveals that leasing velocity amounted to 559,337 sq. ft for New York Metropolis’s outer boroughs, with 64.9 % concentrated in Brooklyn alone.
Options of the revamped Liberty Bklyn
Positioned at 850 Third Ave., Liberty Bklyn initially got here on-line in 1920 as a U.S. Naval storage facility. The property was not too long ago repurposed for industrial and workplace use by way of a $130 million growth program. A few of the new options embody a 3.2-acre rooftop farm operated by Brooklyn Grange, a 386-spot car parking zone, a ground-floor loading zone of 60,000 sq. ft, on-site eating, in addition to strengthened flooring masses that may vary from 200 to 500 kilos per sq. foot.
Moreover, the constructing options energy-efficient home windows, new electrical and HVAC programs, backup mills and a redundant fiber optic infrastructure. Liberty Bklyn’s location throughout the Sundown Park hub for know-how, logistics, and different industrial and industrial makes use of addresses the continued flight-to-quality pattern amongst tenants seeking to relocate or develop their present presence. The property additionally contains 221,896 sq. ft of retail.
Since November 2022, leasing at Liberty Bklyn has surpassed 100,000 sq. ft. Out there items vary in measurement from 7,200 to 183,000 sq. ft, with versatile areas additionally obtainable to tenants. The constructing options three separate lobbies and 18 elevators, that are suited to accommodate industrial operations. In accordance with CommercialEdge information, Vestiaire Collective, Kleinberg Electrical, World Market and IDL Communications & Electrical even have leases on the property.
