Real Estate Weekly
Image default
Deals & Dealmakers

Carpet co. consolidating at Industry City

ABC Carpet & Home will soon join the design and home furnishings companies at Industry City, the 16-building, six million square-foot complex on the Sunset Park waterfront in Brooklyn.

The New York-based home goods purveyor is consolidating its Bronx, New York and Hackensack, NJ, operations to a 78,000 s/f space on the first and fifth floors of Industry City’s Building 19, located at 168 39th Street, Brooklyn.

The building offers 13 ft. ceilings, large floor plates and also houses the Brooklyn Nets’ practice center.

“ABC Carpet & Home’s move to Industry City strengthens the home furnishings industry’s presence here, adding yet another well-established brand to our growing roster of tenants, and bringing jobs to Sunset Park,” said Andrew Kimball, CEO of Industry City.

Industry City’s director of leasing, Kathe Chase, led the deal team alongside Chase Welles of The Shopping Center Group, which has been brought on to lease the property’s ground floor spaces. Rents at Industry City range from $15 to $35 psf.

Industry City’s mix of design and home furnishings companies includes Coral & Tusk, Danielle Trofe, Design Within Reach, Egg Collective, Fresh Kills, Juniper Design, Lights Up!, Lindsey Adelman Studio, Rebecca Atwood, Rich Brilliant Willing, Roll & Hill, Shakuff, Studio A+I, and West Elm.
WantedDesign, which launched its NYCXDESIGN Brooklyn program at Industry City in 2014, also opened its first retail operation at the property in 2015. The Industry City Store by WantedDesign, located at 220 36th Street, features home décor items made in America.

Since 2013, Industry City has invested over $200 million in property upgrades, leased more than 2.5 million square feet of space, and tripled the number of people working at the complex from 1,900 to over 6,000 people.

By 2025, the redevelopment of Industry City – led by Belvedere Capital and Jamestown – is expected to top $1 billion and generate a total of 20,000 jobs.

(Visited 1 times, 1 visits today)

Related posts

French-American School sells White Plains campus to developer

REW

ON THE SCENE: Latest middle market sales

REW

Blackstone acquires $2.8B logistics portfolio from Cabot

REW