Real Estate Weekly
Image default
Deals & Dealmakers

Uber finds new home at old Gimbels warehouse

Uber has signed a 25,000 s/f lease for office space at The Falchi Building in Long Island City.

The Falchi Building
The Falchi Building

JLL negotiated the deal for Uber Technologies Inc. at the 680,000 s/f property at 31-00 47th Avenue with building owner Jamestown Properties.

The San Francisco, California-based technology company, which connects riders to drivers, was represented by Alexander Chudnoff, vice chairman; Dan Turkewitz, senior vice president; and Brittany Wunsch, vice president, all with JLL.
Jamestown Properties was represented by Mitchell Arkin, executive director; Kelli Berke and Haley Fisher, directors; and Michael Blanchard, associate, all with Cushman & Wakefield Inc., along with Greg Smith, president, with JRT Realty Group Inc.

“Uber has experienced tremendous growth of its business in the New York metropolitan area,” said Chudnoff. “The Falchi Building was ideal for the company, offering one of the most flexible layouts in Long Island City and the most advance infrastructure in the area.”

Alexander Chudnoff
Alexander Chudnoff

Uber signed a 10-year lease for 25,074 s/f of office space and will occupy a portion of the ground floor and a portion of the second floor of The Falchi Building.

The JLL team has represented Uber since 2012, when the trio completed the company’s first expansion.

Uber had opened its first New York office in May 2011 with just three employees operating out of a co-working space in Brooklyn.  In November 2012, Uber agreed to relocate and expand into approximately 3,500 s/f at 27-55 Jackson Avenue in Long Island City.

The five-story Falchi Building, 31-00 47th Avenue, is located between 31st Street and 31st Place in Long Island City, N.Y. It was originally constructed in 1922 as a warehouse and distribution facility for Gimbels, the now-defunct department store chain.

In September 2013, Jamestown Properties launched a multi-million dollar capital improvement program that included renovations to the building’s façade and lobby.

The owner repositioned the property as a hub for creative and technology companies, installing state-of-the-art technology and connectivity. Other notable tenants include Tourneau, Juice Press, a new co-working facility from Regus and the United Nations.

(Visited 1 times, 1 visits today)

Related posts

Manhattan, Bronx apartment portfolio trades for $24M

REW

With landlords living in their cars, RSA takes another swing at dismantling eviction moratorium

REW

NNN NJ shopping center trades for $19M

REW