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PeopleShores Leases Entire Third Floor Of Office Building In Brooklyn's Bedford-Stuyvesant Neighborhood

1217 Bedford Avenue
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This Office property located in NY was leased almost 2 years ago. The asking rent per square foot was $50. The brokers of the deal were John Le Vine, Stephen Forino, and Adrienne Roberson

The office property located at 1217 Bedford Ave in Brooklyn was recently leased to PeopleShores. The lease was facilitated by John Le Vine and Stephen Forino from EXR, representing the landlord Rubin Equities, and Adrienne Roberson from Douglas Elliman, representing the tenant. The lease covers the entire third floor of the building, which is situated in the Bedford-Stuyvesant neighborhood of Brooklyn.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 06/20/2022
  • Address: 1217 Bedford Ave, Brooklyn
  • Market: Brooklyn
  • Asking Rent: $50/ft.
  • Square Footage: 5,589 SF

John Le Vine and Stephen Forino from EXR represented the landlord, Rubin Equities, in the leasing process. Adrienne Roberson from Douglas Elliman represented the tenant, PeopleShores. The deal was facilitated by @IamJohnLeVine from @EXRNY, who handled the creative, branding, marketing, and leasing for Avon Hall on behalf of developer Rubin Equities.

The leased property, located in Bedford-Stuyvesant, Brooklyn, encompasses the entire third floor. The building also includes retail spaces on the ground level (fully leased), creative studios in the basement (fully leased), a mezzanine floor (fully leased), and another floor of office space (partially leased). This deal highlights the growing demand for office spaces in the area.

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Deals
  • Location
    1217 Bedford Avenue, Brooklyn, New York 11216, United States1217 Bedford Avenue, Brooklyn, New York 11216, United States
  • Leased Value
    $50$50
  • Asking Rent
    $50 PSF$50 PSF
  • Area
    5,589 SF5,589 SF
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Adrienne Roberson

Adrienne Roberson

Deals2
Leased2

Stephen Forino

Stephen Forino

Deals11
Financed$47M

John Le Vine

John Le Vine

Deals29
Financed$47M

Agencies

EXR

EXR

Agency
Deals103
Volume$141M

Douglas Elliman

Douglas Elliman

Agency
Deals1571
Volume$18.3B

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Deal Summary

LEASE IMAGE: John Le Vine & Adrienne Roberson DATE: 06/20/2022 ADDRESS: 1217 Bedford Ave. MARKET: Brooklyn ASSET TYPE: Office LANDLORD: Rubin Equities (@RubinEquities) TENANT: PeopleShores LANDLORD'S REP: John Le Vine (@IAmJohnLeVine) & Stephen Forino (@Steve4ino) - EXR (@EXRNY) TENANT'S REP: Adrienne Roberson - Douglas Elliman ASKING RENT: $50/ft. ~ SF: 5,589 NOTE FROM @EXRNY: @IamJohnLeVine from @EXRNY did the creative, branding, marketing & leasing for the property, Avon Hall (@AvonHall.NYC), for developer @RubinEquities. This office deal in Bedford-Stuyvesant, Brooklyn, is for the entire third floor of the property. There is also retail on the ground level (fully leased), creative studios in the basement (fully leased), a mezzanine floor (fully leased), and another floor of office (partially leased).

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1217 Bedford Avenue

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