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Our Broker, Robert Hebron IV, Quoted in Brooklyn Daily EagleMay 16, 2014
Score one for Jared Kushner, his DUMBO Watchtower buildings – and the Brooklyn Tech Triangle.
The former Bible-printing plants that the Kushner Cos. and its co-investors bought last year have landed their first big tenant – and it’s one that will draw positive attention to the Brooklyn Tech Triangle, of which Kushner’s development is a part.
The new tenant is Etsy, the well-regarded online shopping site with artsy-craftsy wares, which has signed a lease for 200,000 square feet. The company announced the pending move of its headquarters to Kushner’s complex – which will take place in 2016 – on its blog Tuesday.
The Wall Street Journal identified the building where Etsy will construct its headquarters as 117 Adams St.
The former industrial property is one of the five buildings in Kushner’s DUMBO Heights redevelopment, which is to be devoted to office space for techies and creative types with hipster-friendly amenities such as a beer hall, yoga and spin classes – and daycare.
“This is a great thing for the Tech Triangle because Etsy has such a recognizable name,” said Robert F. Hebron IV, associate broker at Ingram & Hebron Realty in Brooklyn Heights. “People from Silicon Alley to Silicon Valley are aware of this lease deal.”
Etsy’s huge presence in Kushner’s DUMBO development will draw up-and-comers in the tech world to the area – which is sure to boost the fortunes of the Tech Triangle, which includes Downtown Brooklyn, the Brooklyn Navy Yard and DUMBO.