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Deals & Dealmakers

JEMB Realty Announces Three New Leases at 1 Willoughby Square, Brooklyn’s Tallest Office Tower

JEMB Realty Corporation, a family-run real estate development, investment and management firm based in New York City, today announced the completion of three new leases at 1 Willoughby Square, Brooklyn’s tallest office building. The new tenants will join FXCollaborative, the building’s architect and anchor tenant. The new leases bring 1 Willoughby Square to nearly 50% leased. 

Propel, a financial tech company dedicated to building technology that helps low-income Americans improve their financial health, will relocate from its existing Brooklyn offices, taking 10,000 square feet on the 17th floor of the building. 

“We are proud to be a Brooklyn-born company, with most of our employees located in the borough,” said Ursula Lopez-Palm, Director of People Operations at Propel. “We were immediately drawn to the high quality offices at 1 Willoughby Square. The incredible light, air and views create a one-of-a-kind workplace experience. Coupled with the unparalleled services and offerings of the amenity center, we knew right away that the building was a perfect match of our employees.”

Walnut Ridge, a family office with non-profit and philanthropic initiatives, will occupy 5,000 square feet across a portion of the 16th floor. Ms. Foundation for Women, the leading national social justice foundation devoted to securing rights, equality and justice for women founded by Gloria Steinem, will occupy 11,000 square feet across the the 20th floor of 1 Willoughby Square. Ms. Foundation for Women was represented in the transaction by Lindsay Ornstein and Stephen Powers, co-founders of OPEN Impact Real Estate, and Casey Noel, vice president of Transwestern Real Estate Services. 

“The activity at 1 Willoughby Square highlights a broader trend of Brooklyn-based companies looking to elevate their work spaces to encourage employees to collaborate in-office,” said Neil King, Vice Chairman, CBRE. “The amenity center at 1 Willoughby Square is of a quality of trophy caliber towers in the plaza district, which is central to the success of today’s workplace. We just unveiled our brand-new 15,000 square feet of pre-built which is one of the most spectacular immediately available full floor offerings in New York City.”

1 Willoughby Square, Brooklyn’s tallest office tower, is a 34-story, 500,000-square-foot office tower in the heart of Downtown Brooklyn. It is the first ground-up office development in Downtown Brooklyn since the 2004 Downtown Brooklyn rezoning, featuring balconies on every other floor, column-free floor plates and incredible natural light. Every floor includes column-free spans and unobstructed views of the neighboring park.

The building’s lobby features 30-foot ceiling heights with floor-to-ceiling glass, as well as a state-of-the-art touchless entry sequence and high end finishes. In addition, 1 Willoughby Square offers premier amenities, including a tenant lounge, conferencing facilities, communal outdoor space as well as a separate entrance off the neighboring park, 250 bike parking spots, locker rooms and showers. 

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