Trees Management Company.Two online companies, Gigmania and Element Holding, Inc., have signed ten-year leases with Two Trees Management Company to occupy space at 45 Washington St., in the DUMBO area of downtown Brooklyn Downtown Brooklyn is the third largest central business district in New York City (following Midtown Manhattan and Lower Manhattan), and is located in the . Gigmania, an online live music content provider, will occupy 11,431 sf on the eighth floor of a converted loft building, starting July 1. On the same date, Element Holdings, an online marketing research firm, will occupy 22,000 sf on the ninth floor of the same building, which is located on the Brooklyn waterfront. These companies are joining other high-tech tenants, such as ClickView, Bliss Spa and Modern Humorist Modern Humorist is a humor webzine started in 2000, founded by John Aboud and Michael Colton (who later became panelists on VH1's Best Week Ever). A competitor of the more popular Onion, Modern Humorist stopped publishing new material in 2003. , all of which recently have signed long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. leases in DUMBO, an acronym acronym: see abbreviation. A word typically made up of the first letters of two or more words; for example, BASIC stands for "Beginners All purpose Symbolic Instruction Code. for Down Under the Manhattan Bridge The Manhattan Bridge is a suspension bridge that crosses the East River in New York City, connecting Lower Manhattan (at Canal Street) with Brooklyn (at Flatbush Avenue Extension). Overpass. Approximately 200,000 sf of space in DUMBO has been leased recently to high-tech firms that had been attracted to the area's vibrant, live/work environment. The Downtown Brooklyn Council is predicting that more than one million sf will be eventually leased to high-tech firms. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion