Henrybuilt Leases 7898 Square Feet At Stable Building In Dumbo Brooklyn From Two Trees Management

The asset involved in this transaction is an office space located at 16 Main Street in Dumbo, Brooklyn. The total square footage of the space is 7,898 square feet. The lease is part of a market where average office rents were approximately $50.77 per square foot in Q2 2024.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Lease Term: 10 years
• Landlord: Jed Walentas - Two Trees Management
• Tenant: Scott Hudson - Henrybuilt
• Landlord's Representative: Alyssa Zahler - Two Trees Management
• Tenant's Representative: Sarah Shannon - Sinvin Real Estate

Henrybuilt, represented by Sarah Shannon of Sinvin Real Estate, is relocating from its current SoHo location to this new office in Dumbo, further emphasizing the strategic move within the market as outlined by the lease signed with the landlord, Jed Walentas of Two Trees Management.