News: Brokerage

TerraCRG executes 11,226 s/f lease with Datacubed in Brooklyn; Stahl Organization is landlord

Brooklyn, NY TerraCRG completed an 11,226 s/f lease at 384 Bridge St., downtown.

The tenant, Datacubed Health, a patient engagement and data collection company, signed a seven-year lease term for 11,266 s/f on the fourth floor with landlord, Stahl Organization. Datacubed is moving from their current space at Metrotech Center in the downtown area.

“Working with Stahl was a pleasure. They were understanding of Datacubed’s needs and helped take the deal to the finish line. The space at 384 Bridge is a great space for Datacubed’s current and long term needs.” said Caroline Pardo, managing director of office leasing at TerraCRG.

“Participating in the Brooklyn renaissance across tech, healthcare and new investments in real estate is incredibly exciting. And this lease affords the company the ability to grow its footprint and the opportunity to double its size with additional hires,” said Datacubed chairman and NYU professor of neuroscience, Paul Glimcher, M.D. “We are proud to provide mobile technology solutions that improve healthcare for patients across the globe. We are honored and privileged to remain a key part of the Brooklyn community as we build our team of engineers, scientists, and product/project leaders in the region.”

TerraCRG represented the tenant and the landlord represented themselves. This is the second deal TerraCRG has executed with Stahl Organization during the COVID-19 pandemic, the first of which was at 384 Bridge St. for Forestdale Inc., who signed a five-year lease for 6,092 s/f.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,