April 3, 2024 12:00 PM
Newmark is pleased to announce that 15 new leases have been signed for over 33,000 square feet at The Whale Building in Sunset Park, Brooklyn since Capstone Equities acquired the asset in late 2023. The transactions are a mix of direct leases and leases with the flex space provider, Portal Warehousing. Portal provides turn-key co-warehouse space with flexibility in size and lease term. Newmark Senior Managing Directors Bernard Weitzman and Jordan Gosin, Managing Director Ryan Gessin and Director Christopher Ventura are the exclusive agents of the property.
“This extraordinary activity at The Whale is a testament to new ownership’s approach and ability to implement a plan that allows us to offer a unique product to the marketplace. We are able to accommodate tenant’s space requirements from 1,000 to 70,000 square feet”, said Gosin.
The Whale has undergone significant renovations to vertical transportation, loading docks and indoor parking. It features large ground floor availabilities that boast over 20’ ceilings and direct loading access and parking. Plans to build a large outdoor communal terrace are underway. The building houses the largest indoor soccer facility in NYC at Socceroof, and Vista Hermosa, a subsidiary of the Tacombi restaurant chain.
23,000 square feet of direct leases include:
- Photography Studio, Whale Square Productions, 5,410 square feet
- Finance Firm, Express Capital Financing, 4,200 square feet
- Experiential Agency, Ideko, 4,005 square feet
- Modern Food Gift Provider, Tasty Ribbon, 3,611 square feet
- Florist, Molly Oliver Flowers, 3,199 square feet
- Coffee Purveyor, Brewklyn Grind, 1,573 square feet
- Beverage Company, Two Robbers, 1,505 square feet
Industrial flex users who signed leases for a total of 9,600 square feet at Portal Warehousing include:
- Afar Foods
- Amariso LLC
- Artist Collective
- Graphic Printing NY
- Haven Fire Safety
- Jacob Imports
- Idalie/Javier
- Ridge Wholesale
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2023, Newmark generated revenues of approximately $2.5 billion. Newmark’s company-owned offices, together with its business partners, operated from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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