News: Brokerage

CBRE leases 4,456 s/f at Monadnock's 300 Huntington St. building

Brooklyn, NY In a transaction arranged by CBRE, Cranial Technologies has inked a 4,456 s/f office lease at Monadnock Development’s newly constructed headquarters building at 300 Huntington St. in Gowanus.

The CBRE team of Patrick Dugan, Joseph Cirone, and Jesse de la Rama spearheaded the office leasing campaign for 300 Huntington St. and represented the ownership in the negotiations. Joe Speck and Chad Poff of Colliers represented Cranial Technologies.

Since its completion last year, the Class A office property has experienced success attracting retailers on the ground floor, while Cranial Technologies, the world’s leading non-surgical provider for the treatment of plagiocephaly (flat head syndrome) in babies, is the property’s newest office tenant. The clinic will open its first location in Brooklyn and will occupy part of the sixth floor of 136,000 s/f building designed by Dattner Architects and Bernheimer Architecture.

“This commitment by Cranial Technologies, a national company with more than 100 clinics, speaks to the high-quality office space, highly curated amenities, and ideal location of 300 Huntington Street, a brand new building located at the nexus of Gowanus, Carroll Gardens, Park Slope, and Red Hook,” said Dugan. “We look forward to continued success with the pre-built space and full floor office availabilities as we target companies like Cranial Technologies, who believe in putting their employees first.”

Monadnock Development has had success in attracting retail tenants to the property, as JLL’s George Danut and Ryan Condren have signed four leases totaling nearly 13,000 s/f on the ground floor retail space. Breukelen Athletic, a premier strength and recovery gym, signed the largest lease of 7,131 s/f. School of Rock, a musical academy franchise, has leased 2,860 s/f, while Brooklyn Granary & Mill, a whole grain stone mill and bakery, has taken 1,096 s/f. Most recently, MakeInspires, dedicated to fostering lifelong learning skills through K-12 and adult STEAM-focused classes, has leased 1,820 s/f.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking