News: Brokerage

Turnbridge Equities leases 52,100 s/f to Sky Zone

2350 East 69th Street - Brooklyn, NY

Brooklyn, NY Sky Zone has signed a long-term lease for 52,100 s/f at single-story warehouse 2350 East 69th St. in the Bergen Beach section of the city for a new indoor trampoline park, according to Ryan Nelson, managing principal of Turnbridge Equities, the landlord of the building.

Sky Zone was represented by Josh Gosin and Jordan Gosin of Newmark Knight Frank. Turnbridge represented itself in the transaction.

“This lease underscores the growing and diversified demand for strategically located, urban industrial properties,” said Nelson.  “We continue to see tremendous leasing demand both from traditional warehouse and distribution users, as well as from different sectors of New York City’s diversified economy that require warehouse use.  Sky Zone will be a great addition to the neighborhood, offering top notch, children’s entertainment for the thousands of families in Brooklyn and for non-Brooklyn visitors.” 

Sky Zone will take occupancy this summer.

2350 East 69th St. is one of eight industrial assets owned by Turnbridge in the New York City metropolitan area. Turnbridge acquired the property last year. It is leased to Match Point NYC, whose lease is expiring.

Sky Zone is the premier leader in indoor active entertainment in the United States. The Sky Zone family includes 200 parks in more than 90 markets.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,