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Tuesday, November 12, 2013

City Point Lands First Office Tenant

Commercial Observer excerpt -

Artist management and creative content agency Art Partner has signed a 15-year lease to occupy 10,000 square feet at the City Point in Downtown Brooklyn, becoming the development site’s first office tenant.

The agency, whose services include production, syndication and licensing for print, film, social media and more, plans to relocate from its Hudson Square space to occupy the new space just in time to kick off the New Year.

“It’s a groundbreaking, bold move and I think it’s really important to the Brooklyn neighborhood,” Ken Fishel, president of Legacy Real Estate, told The Commercial Observer. “This one of the top fashion and photo representation agencies in New York and here they are moving to Brooklyn.”

The company was looking to expand and redesign its space and jumped at the opportunity for a cutting edge space in the new development, Mr. Fishel said, noting that the firm has “a track record of being first” and on the “cutting edge of real estate,” first hunkering down in Soho in the 80s before moving to Hudson Square over a decade ago.

“Brooklyn has become recognizable globally for its distinctive sense of art, culture and lifestyle and we are happy to join the movement in shaping Brooklyn’s future,” said Marianne Tesler, CEO of Art Partner, in a statement.

The agency’s advertising clients include Burberry, Gucci, Louis Vuitton, Versace, Dior, Giorgio Armani, Chanel, Shiseido, Estee Lauder, Bulgari, D&G, Michael Kors, Hugo Boss, Calvin Klein, GAP, Givenchy, L’OREAL, and Zara.

The 1.3 million square-foot City Point development includes 675,000 square feet of retail and commercial space,  anchored by Century21, roughly 30,000 square feet of office space geared toward Brooklyn’s creative and technology sector, 690 residences and a seven-screen Alamo Drafthouse Cinema.

Kenneth Bernstein, president and CEO of developer Acadia Realty Trust, called the project the “most exciting mixed-use property in Brooklyn.”

http://commercialobserver.com/2013/11/brooklyns-city-point-lands-first-office-tenant/

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