COMMERCIAL OFFICE

Commercial Office Leasing

One Willoughby Square (1WSQ), JEMB’s 34-story, 500,000 sq. ft. office tower, recently announced three new office leases bringing the building to 60% leased. Relocating from 141 Livingston Street, New York State’s Office of Court Administration (OCA) signed a 27,304 sq. ft. lease across two floors. Cityblock Health, a tech-driven healthcare company, is taking a 14,500 sq. ft. prebuilt office space. Additionally, Big Spaceship, a marketing firm, signed a 4,760 sq. ft. lease in a prebuilt office space in the building, moving from Dumbo. The creative agency gave up its previous office during the pandemic, but decided to move back to an in-person office.

One Forty One Completes Construction

Savanna completed construction of 141 Willoughby Street (One Forty One). The 24-story, 400,000 sq. ft. ground-up office tower includes 357,000 sq. ft. of office space and 24,000 sq. ft. of retail space. Floorplates are amenable to small and growing firms, ranging between 12,000 and 22,000 sq. ft.

Designed by SLCE Architects, the building includes two tenant amenity lounges (including a bar, fitness center, and conference center) on the 2nd and 10th floors and outdoor terraces on the 10th and 20th floors.

One Forty One sits directly across from City Point and Abolitionist Place, the 1.15 acre park that will open in late 2023.

CIM Group unveiled plans for a new film production studio, Panorama Brooklyn Studios, at 25 Columbia Heights. The facility will offer 90,000 sq. ft. of studio and production space, offering Level 1 and Level 2 Qualified Production Facilities under the New York State film tax incentive program, a sought-after designation by film and television productions. The Panorama campus includes 680,000 sq. ft. across five buildings on the Brooklyn waterfront in DUMBO.