Brookfield signs 132,000 s/f in leases at MetroTech Center

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Brookfield Properties has announced a trio of office leases
and renewals at MetroTech Center in Downtown Brooklyn.

HeartShare Human Service of New York signed a 19-year lease
extension for 32,696 s/f at 12 MetroTech Center. HeartShare was represented by
Ken Myerson at CBRE and Brookfield was represented in-house by Jesse Cooperman,
Mark Kostic and Ross Hoddeson.

SoulCycle has extended its outdoor studio located outside of 1 MetroTech Center through June 2021. The fitness studio quickly pivoted during COVID to provide riders with an outdoor experience and has utilized MetroTech Commons space to hold over 20 classes per week.

15 MetroTech Center

JLL signed an 11-year deal at 15 MetroTech Center for 50,901
s/f. JLL will manage Orchard Workspace, a flexible office and coworking space expected
to open this spring. Ben Munn at JLL represented the tenant and Brookfield was
represented by Cooperman, Kostic and Hoddeson.

And the IRS has renewed its lease at 2 MetroTech Center,
maintaining its current office location with 48,710 s/f. The IRS was
represented by Bill Korchak and Maureen Peyton at JLL and Brookfield was
represented by Charles Dilks and Matthew Johnston at Colliers.

MetroTech’s entire complex totals approximately 5.5 million
square feet, featuring street-level retail space and a 3.5-acre centrally
located greenspace, known as the MetroTech Commons.

MetroTech’s tenant roster includes Slate, Magellan Health,
Think! Architecture and Design, Uniworld Group, Stratasys (MakerBot), and
JPMorgan Chase.

The property is also home to New York University’s
engineering school, the Tandon School of Engineering.

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