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Industrial firms sign/renew at Brooklyn Navy Yard.

Fifteen small, industrial companies--representing a total workforce of 133 employees--have recently signed or renewed leases at the Brooklyn Navy Yard, New York City's largest, single-landlord industrial park.

Owned by the City of New York City and managed by the not-for-profit Brooklyn Navy Yard Development Corporation (BNYDC), the 300-acre Navy Yard is home to more than 230 private-sector tenants employing approximately 4,500 workers.

The fifteen firms include a custom furniture manufacturer, a snack company, a sightseeing cruise line, a stagecraft construction company, an accessories distributor and a concrete testing firm.

"The Brooklyn Navy Yard is an important source of quality jobs for New Yorkers, and the City of New York is dedicated to expanding employment opportunities here," said BNYDC president Eric Deutsch. "We are also committed to helping small businesses find affordable space in which to operate their business."

Chaired by Alan H. Fishman, president and CEO of Independence Community Bank, the BNYDC took formal action on the various contracts, expansions and renewals at a recent board meeting.

The fifteen firms include:

Circle Line Statue of Liberty: With 50 years in the sightseeing cruise industry, this nationally recognized cruise line renewed its lease at Pier C. Employing 65 people, Circle Line operates a vessel maintenance facility and houses berthing space for its fleet.

Elizabeth Kennedy Landscape Architects: Established ten years ago, this landscape architecture firm employs nine people and is expanding into 1,500 square feet of space at the Navy Yard.

Gemini Company: Expanding to 2,500 square feet, this two-person company engages in model making, casting and the construction of puppets, special effects, custom props, sculpture, and custom molds.

Product Design & Development: A builder of prototypes and architectural and industrial designs, this six-employee firm renewed its 8,450-square-foot occupancy.

Robert Martin Designs: With five employees, this firm designs and manufactures custom furniture. It renewed its lease for 4,234 square feet.

Israel Cohen & Sons International: With four employees, this distributor of imported men's hats has signed a renewal for its 800-square-foot space.

Madison Man, Ltd.: The three-employee firm renewed the lease on a 1,290-square-foot space. The company stores and distributes men's accessories.

Mark Uriu: This decorative painting business, which employs three people and occupies 1,220 square feet, renewed its lease.

Monoco Design: Monoco, a ceramic art production company with two employees, is leasing 2,185 square feet.

R & L Heating & Air Conditioning: This heating and air conditioning company has eight employees. It renewed its lease on 620 square feet.

Rex Apparel: This four-employee, clothing distributor renewed its 960-square-foot lease for five years.

Ryba General Merchandise: Ryba distributes and re-packages sportswear. The twelve-employee company renewed its 25,000-square-foot lease.

Superior Consulting Corp.: This six-employee firm, which tests concrete, renewed its lease on 1,740 square feet.

Adele Kaufman, Inc.: This two-employee distributor of book coverings renewed its 1,800-square-foot lease.

Swift Contracting & Maintenance Corp.: This two-employee, tool storage company renewed its occupancy of 820 square feet.

The Brooklyn Navy Yard's existing 3.5 million square feet of space--presently consisting of 40 rent-able buildings--is 97 percent occupied. Last July, Mayor Michael R. Bloomberg announced plans for an expansion that is expected to add as many as 800 jobs to the Brooklyn Navy Yard within the next five years.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Apr 20, 2005
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