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Brisk activity at Navy yard.


In an indication of continued strong leasing activity, the Brooklyn Navy Yard The United States Navy Yard, New York - better known as the Brooklyn Navy Yard or the New York Naval Shipyard (NYNSY) - is located 1.7 miles northeast of the Battery on the Brooklyn side of the East River in Wallabout Basin, a semicircular bend of the East River  received seven new tenants during the first quarter of 1994, it was announced by Elizabeth Colon, president of the Brooklyn Navy Yard Development Corporation (BNYDC). In addition, seven existing tenants have undertaken expansions of their current operations at the yard. Altogether, these 14 enterprises employ 120 workers, providing jobs for the surrounding community, and expanding the area's revitalization re·vi·tal·ize  
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy.
.

Perched on the East River, the Brooklyn Navy Yard has strengthen the return of an industry once thought extinct in the New York Harbor New York Harbor, a geographic term, refers collectively to the rivers, bays, and tidal estuaries near the mouth of the Hudson River in the vicinity of New York City. This is sometimes construed in the sense "the Ports of New York and New Jersey".  - ship building and repair. Current Navy Yard tenant Seacoast Marine Services will expand its marine salvage Marine salvage is the process of rescuing a ship, its cargo and sometimes the crew from peril. Salvage encompasses rescue towing, refloating a grounded ship or patching or repairing a ship.  and ship repair operations, leasing a 200 linear-foot berth and an additional 5,000 square feet of open space. Further revitalizing re·vi·tal·ize  
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy.
 the New Yard 's maritime activities, Eastern Technical Enterprises, a Virginia-based ship building and ship repair company with operations at the Navy Yard, has been awarded a $9.4 million contract to restore and convert the Harkhess to a nautical nau·ti·cal  
adj.
Of, relating to, or characteristic of ships, shipping, sailors, or navigation on a body of water.



[From Latin nauticus, from Greek nautikos, from
 school for the Maine Maritime Academy Maine Maritime Academy is a public post-secondary college and nautical training institution with approximately 800 students, located in Castine, Maine. The Academy was established by the 90th Maine Legislature on March 21, 1941. Maine Maritime Academy is a public college. .

The seven new tenants represent a diversity of technological and manufacturing interests. The largest new tenant, Advanced Technological Solutions, Inc. (ATS), is a manufacturer of computers employing over 230 workers in the area. The employee-owned, minority business enterprise is the successor firm to the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries)  facility in Brooklyn. ATS employs six workers at the Navy Yard and will occupy 63,000 square feet of space.

ATS will be joined by another large new tenant, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Crane and Equipment Corporation, a supplier of hydraulic cranes and construction equipment. New York Crane has purchased the assets of former Queens-based Santoro Construction and will relocate to the Navy Yard to occupy 29,000 square-feet of space, employing over 50 workers.

Colon said, "In total, the Navy Yard has absorbed nearly 136,200 square feet of space during the first quarter of 1994. With an aggressive marketing and tenant outreach program, the Navy Yard will continue to bolster itself as an enterprise incubator, providing economic opportunities to tenants and jobs for the surrounding community."

The Brooklyn Navy Yard, once one of the largest military facilities in America, was converted to a civilian industrial complex in the mid-1960s. With 4.3 million square feet of usable space, the Navy Yard is home of over 200 enterprises ranging in size from 500 to 50,000 square feet and employing over 3,300 workers. The Brooklyn Navy Yard also maintains six dry-docks and four piers active with maritime industrial uses. With an occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time
pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred)
 in excess of 90 percent, the Navy Yard has demonstrated the viability of military facilities in transition under public guidance. First quarter leasing activity is detailed below:

Advanced Technological Solutions, Inc., an employee-owned computer manufacturer employing six workers, leased 63,000 square feet of space.

New York Crane and Equipment Corporation, a supplier of hydraulic cranes and construction equipment employing 50 workers, leased 29,000 square feet of space.

Aurore Reinicke Associates, a woman-owned start-up enterprise in commercial design employing two workers, leased 1,200 square feet of space.

BlaCast Entertainment, a minority-and woman-owned business enterprise diversified in the distribution of music videos and natural beverages (Motherland moth·er·land  
n.
1. One's native land.

2. The land of one's ancestors.

3. A country considered as the origin of something.
 Products), employs three workers and will occupy 950 square feet of space.

International SyntheCon, L.I.C., a laboratory in the production of chemical for clinical and medical research employing three workers, will be occupying approximately 2,3000 square feet of space.

Kaplan Brothers, a wholesale distributor of sweaters employing three workers, will be occupying 1,800 square feet of space.

M&P Woodworking, Inc., a custom cabinet maker employing four workers is moving from elsewhere to Brooklyn to double the size of its facility.

Royal Supply Company, a distributor of general household merchandise employing eight workers, will occupy 18,800 square feet of space. Current tenant expansions include: Seacoast Marine Services, Inc., a marine salvage and ship repair operation employing two workers, will expand operations to occupy an additional 5,000 square feet of open space plus a 200 linear-foot shipping berth.

Royal Medical Supply Company, a distributor of medical supplies employing 15 workers, will expand operations to occupy an additional 650 square feet of space.

A. Braun Company, a manufacturer and distributor of men's fashion accessories Fashion accessories are items apart from the garment itself, which complement the whole outfit. Fashion accessories include jewelry, gloves, handbags, hats, or scarves. , will move within the Navy Yard's facilities to occupy 2,400 square feet of space - an expansion of 500 square feet. Braun employs two workers.

A.W. Electronics, Inc., a remanufacturer and distributor of electronic products and appliances, will renew its lease and expand operations to occupy a total of 5,900 square feet of space - an addition of 2,300 square feet, they employ five workers at the Navy Yard.

Greater New York Steel New York Steel was a benefit concert emceed by Eddie Trunk and Mike Piazza, featuring heavy metal musicians, that took place on November 28, 2001 at Hammerstein Ballroom in New York City in response to the September 11, 2001 attacks.  Rule Die Co., Inc. (GNYSRD), a minorityowned business enterprise manufacturer of steel dies for the carton, toy and game industry, will expand operations an additional 920 square feet of space, they will occupy a total of 3,570 square feet and employs seven workers.

Rheingold Jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion.

The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring.
, a jewelry manufacturer employing five workers, will expand operations to occupy an additional 960 square feet of space.

United Minerals, Inc., a distributor of concrete aggregate which employs five workers, will expand operations to occupy an additional 616 square feet of space.
COPYRIGHT 1994 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:New York's Brooklyn Navy Yard
Publication:Real Estate Weekly
Date:Jun 8, 1994
Words:873
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