News: Brokerage

Serko, Caridi and Castro of C&W secure 15,115 s/f lease for firm relocaction

Photo of One Pierrepont Plaza in the Brooklyn Heights area of Brooklyn, NY One Pierrepont Plaza - Brooklyn, NY

Brooklyn, NY According to Cushman & Wakefield (C&W), it secured a 10-year lease to relocate its local office to One Pierrepont Plaza in Brooklyn Heights from 205 Montague St. The firm will occupy 15,115 s/f on ninth floor in the 19-story tower. The new space will feature an open and efficient layout, promoting collaboration.

Cushman & Wakefield’s new home will house professionals across several service lines including retail and office leasing as well as investment sales.

A Cushman & Wakefield team of Jonathan Serko, Joseph Caridi and Betty Castro were involved in securing the lease transaction on behalf of the firm. Alireza Esmaeilzadeh, senior vice president at Forest City Ratner, represented the landlord in-house.

“Cushman & Wakefield’s new home at One Pierrepont Plaza reflects the company’s long term commitment to Brooklyn, and its goal of further strengthening its position as a market leader in the borough,” said Serko, vice chairman. “The space will be designed with an open layout to foster collaboration, which is what enables our firm to thrive–teams of the most talented professionals in the industry working together to drive results for our clients. We’d like to thank MaryAnne Gilmartin and Alireza Esmaeilzadeh for assisting us throughout this relocation process – it was a pleasure to work closely with these industry experts.”

“We are excited to welcome Cushman and Wakefield to One Pierrepont Plaza,” said MaryAnne Gilmartin, president and CEO of Forest City Ratner Cos. “This firm knows real estate and we are proud that they chose One Pierrepont as their Brooklyn headquarters.”

One Pierrepont Plaza, which opened in 1988 and was the first new office building built in Brooklyn in a quarter of a century, is a 700,000-square-foot, 19-story office tower located in Brooklyn Heights, Brooklyn. The property is located in close proximity to 12 subway lines, 12 bus lines and the LIRR at the Atlantic Terminal Station.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.