Apple signs 14-year lease for employee lounge in Brooklyn


Apple has committed to a 14-year lease at the Pioneer
Building in Brooklyn where it plans to keep a private lounge for employees
working in the nearby Apple Store at 123 Flatbush Avenue.

The tech giant has been operating on a month-to-month lease
with the building’s owners, Quinlan Development Group and Building and Land
Technology,  for the 2,766 s/f space
since November 1.

Tim Quinlan, managing principal of Quinlan Development announced
today that Apple is one of three tenants committing to the former warehouse the
JV acquired in 2015 and spent $35 million turning into a Class A office building
with 23,000 s/f of ground floor retail space.

Local Locker also signed a 10-year lease for 2,831 s/f for
its Brooklyn location for its consumer-focused storage units.

And Shady Grove Fertility signed a 10-year lease for nearly
7,000 s/f on the fourth floor. The group has clinics in six states, and
Washington, D.C. The new space represents its first clinic in Brooklyn.

“The fact that all three tenants signed leases for 10 years
and more, speaks volumes about their confidence in our building and the future
of Brooklyn,” said Quinlan. “It demonstrates great optimism for moving forward
at the building.”

Quinlan and BLT tapped a leasing team from Cushman &
Wakefield to lease up the 10-story, 270,000 s/f property at 41 Flatbush Avenue
in Downtown Brooklyn following their renovation. The brokerage firm’s Joe
Cirone, Ron Lo Russo, Remy Liebersohn, and Anthony Cugini have been able to attract
a slew of new tenants, including Energy/Hub/, Gimlet Media/Spotify,, Blue State Digital, Regus, Merit Hill Capital, and Wells

George Danut and Ryan Condren of JLL have been handling the
retail for the landlord and have signed deals with Blick, UPS Store, Coffee
Project,and Hi-Bk Dog. They repped the landlord in the new deals while Hank
O’Donnell of GoodSpace NYC was Apple’s broker and Local Locker was represented
by Alex Hedaya of Newmark.

Nicholas Zuppas of GZ Realty represented Shady Grove Fertility in its new office lease at the building.

(Visited 1 times, 8 visits today)