Colliers has secured a 10-year, 89,488 s/f lease for ReadySpaces, a provider of small-scale, flexible shared warehousing, office space, and logistics for small businesses, in Ridgewood, New York.
Colliers Senior Managing Director Richard M. Warshauer and Executive Vice President Mike Davis represented the tenant in the transaction.
ReadySpaces is a Colliers national exclusive client and the firm’s new location at 59-00 Decatur Street is its first in New York City. ReadySpaces was founded in 2013, and has grown to 24 locations across the U.S. and Canada, with three more set to open in 2022.
With ReadySpaces, small businesses have access to flexible warehouse, office and storage solutions that allow them to easily scale their operations to meet their growing business needs. Each ReadySpaces location is designed to act as an incubator for small businesses by supplying storage and industrial workspaces between 250 and 5,000 s/f and providing collaborative workspaces and business services for like-minded entrepreneurs.
“ReadySpaces has been interested in expanding into the New York City area for years to help serve the city’s vibrant local entrepreneurial and small business community,” said Kevin Petrovic, COO of ReadySpaces. “We’re extremely pleased that Colliers found us the space we need to provide flexible solutions to innovative area businesses. We aim to be a partner to entrepreneurs and business owners in New York and nationwide by providing them with the ideal environment and infrastructure to build their dreams.”
“Demand for quality industrial product has accelerated at an incredible rate as the pandemic has increased the need for more warehousing and logistics facilities,” said Warshauer. “With record-low vacancies, finding an appropriate industrial property and negotiating favorable terms – in New York no less – was no small feat. ReadySpaces was looking for a location to support growing local businesses and we are pleased we found the company the perfect location.”
The Decatur Street property features several freight elevators and loading docks as well as on-site parking. The building offers easy access to the L and M subway lines as well as the East New York and Forest Hill Long Island Railroad stations and is less than 10 miles from the LaGuardia and JFK airports. Steve Nadel, Partner at Pinnacle Realty, represented the Landlord in the transaction.