Newmark completes 75,000 s/f of office leasing in Long Island City

Long Island City, NY Newmark has completed more than 75,000 s/f of office leasing at The Factory LIC, a 1.1 million s/f creative loft office. Newmark's executive vice chairman Brian Waterman, vice chairman Howard Kesseler, senior managing director Jordan Gosin and associate director Alex Rosenblum served as exclusive leasing advisors for the property and represented the asset owner, Atlas Capital Group, Partners Group and Invesco, on the transactions. 

"The Factory LIC is truly a one-of-a-kind workplace that has attracted a diverse mix of creative tenants," said Waterman. "We are pleased to have continued leasing velocity at the project despite COVID-19 disruptions and have leased nearly 200,000 square feet since the start of the pandemic, including LiveOn NY, Tourneau, Bombardier and Power Home Remodeling Group." 

The most recent leasing transactions completed by the Newmark team, all signed during the fourth quarter of 2021, are as follows: 

• Roman, a digital men's health clinic, signed a long-term lease for a work-ready loft space on the 5th floor of the project measuring 23,632 s/f. The space features 12-foot ceilings and fully functional windows.  

• Television leased two suites within the project: a grade-level, 8,332 s/f suite featuring a private entrance and a 36,198-square-foot work-ready loft space on the 8th floor featuring 12-foot ceilings and a 5,000 s/f private terrace with amazing Manhattan/LIC views. 

• Film and television production company Broadway Stages leased 7,926 s/f on the first floor. The suite offers grade-level space, 14-foot ceilings and connection to the ground floor amenities.