Bike New York Signs 10-Year Lease For 8619 Sq Ft Office At Industry City In Brooklyn

The property involved in this transaction is an office asset located at 4014 1st Avenue in Brooklyn, featuring a total square footage of 8,619. This property will serve as the new location for Bike New York as part of its efforts to expand its bicycle recycling program and community initiatives.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not Disclosed
• Lease Term: 10-year
• Landlord: Matt Bronfman - Jamestown, Glen Siegel - Belvedere Capital, Cammeby’s International, FBE Limited; Josh Baumgarten & Adam Schwartz - TPG Angelo Gordon
• Tenant: Bike New York
• Landlord's Representative: Brad Blum & Jeff Fein - Industry City
• Tenant's Representative: Ethan Voligny, Kendall Elliott & Stephen Powers - OPEN Impact Real Estate

This lease agreement allows Bike New York to benefit from Industry City’s bike-friendly environment and waterfront access, enhancing their community outreach capabilities following their relocation from the Brooklyn Army Terminal.