Commercial Klutch: June Edition


The vast (for Brooklyn) modern MetroTech seems to be following Manhattan down. While there is a 350,000-sf lease out there, we imagine it is cheap space. A recent proposal to a tenant went out under 22 bucks, we hear. Renaissance Plaza/Marriott building at 333 Adams Street (above) just inked a 4,000-sf law firm deal, a touch under $30 we think. Small space deals rare in Class A here, good catch by tenant. Building nearly 100% leased, too

On the other hand – when will the developers of the lovely BellTel Lofts tune up their 141 Livingston Street office building? The Kings Housing Court there was long slated to take the old Family Court space but high schools beat 'em out of it, leaving 141 with a rough tenant. Low rents may put an upgrade on hold for now. 44 Court needs work, too. Exterior is a start, but doubt much else will be done. Hope we are wrong.

Don’t miss the Brooklyn Chamber of Commerce’s Building Brooklyn Awards on July 15th. 9th year of presenting best of Brooklyn buildings for past year, sort of an Emmy’s or Tony’s of development here. Fun, much information and great crowd. Supports Chamber, too.

We guess the Two Trees Natural Food deal at 138 Court is over 30% off the peak rent of 138 asked last winter, but no one is talking.

In a sign that B and C building lease prices are plateauing, 325 Gold got almost 24 a foot for the clock-adorned building’s top floor in that unusual office location. Same building Etsy vacating for Dumbolio. Anything commercial you want to read about? Comment and you shall receive…..

Prior Commercial Klutch Posts [Brownstoner]

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