News: Brokerage

Lopez and Wadler of Kalmon Dolgin arrange 18,000 s/f for Dock Studios

Vincent Lopez,
Kalmon Dolgin Affiliates

 

Jacques Wadler,
Kalmon Dolgin Affiliates

 

Brooklyn, NY Kalmon Dolgin Affiliates (KDA) has arranged a new, 18,000 s/f, long-term lease at 349 Scholes St. in East Williamsburg for Dock Studios, a provider of artist workspace. The deal will double the studio’s square footage in the area. 

Vincent Lopez and Jacques Wadler of KDA represented the tenant, Dock Studios, and the landlord, Meisel-Peskin, in lease negotiations. 

Dock Studios will occupy the entirety of the three-story space, which was recently upgraded after spending 90 years as the fur manufacturing facility for Meisel-Peskin. Dock Studios will use the full 18,000 s/f across three stories for artist workspaces. 

In 2014, Lopez and Wadler arranged a 16,000 s/f lease for Dock Studios’ second location at 1006 Metropolitan Ave. in East Williamsburg. The company also has a studio at 1027 Grand St. 

“After closing its fur business, Meisel-Peskin completely renovated 349 Scholes St., adding features that would cater to tenants looking for quality creative/industrial space in Brooklyn,” said Neil Dolgin. “With its roots in East Williamsburg, Dock Studios was searching for a large space that would be close to its two other locations. The large windows on all four sides provide an abundance of natural light, which allows Dock Studios to build fantastic studio space.” 

The newly renovated 349 Scholes St. features 13-foot ceilings, new windows, an automatic freight elevator that stops on all three floors, gas heat and heavy power. The building is also fully sprinklered. A loading dock with paved land is adjacent to the building, and Dock Studios will have exclusive access. Transportation options include the L subway and B60 bus route, access to the Brooklyn Queens Expressway, and several major thoroughfares like Metropolitan Ave. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account