News: Owners Developers & Managers

Two Trees Management signs seven leases in Dumbo totaling 17,460 s/f

Brooklyn, NY Two Trees Management Co., a Brooklyn-based, family-owned real estate development firm, has seven new office leases in DUMBO: Think! Architecture + Design, Group Project Design, Clarity Cubed, Rovi Health, Bonside, CTS Builders, and Veda Tech. Totaling over 17,000 s/f, these leases contribute to the neighborhood’s growing community of architecture and design studios, consumer products, and healthcare companies.

At 45 Main St., Think! Architecture + Design signed a lease for 6,159 s/f, Bonside, represented by Peter Johnson at Avison Young, signed a lease for 2,382 s/f, and Clarity Cubed signed a lease for 1,500 s/f. At 55 Washington St., Rovi Health signed a lease for 1,100 s/f, and CTS Builders signed a lease for 854 s/f. At 20 Jay, Veda Tech, represented by Tim and Brian Hay at Cushman & Wakefield, signed a lease for 3,910 s/f, and Group Project Design signed a lease for 1,555 s/f. Alyssa Zahler, managing director of commercial leasing, Elizabeth Bueno, managing director, Nicole Serras, associate director of Commercial Leasing, and Jarad Winter, director of leasing, represented Two Trees in-house.

DUMBO, a New York City design district, is home to more than 160 architecture and creative design firms, including Snøhetta, Garrison Architects, Brooklyn Studio, Worrell Yeung, Post Company, Sage & Coombe Architects, Batliboi Studio, Jamie Perez Herrera, Peterson Rich, among others. Last year alone, Two Trees signed over 200 new leases and renewals with design-forward firms, which showcases the neighborhood’s continued appeal to the creative community. At the end of last year, Bjarke Ingels Group (BIG) renewed its lease for the firm’s 50,000 s/f headquarters at 45 Main St., making it the largest deal of 2025 in DUMBO. The neighborhood is full of opportunities for collaboration and offers proximity to the impressive talent base that has cultivated.

“Building on a year of strong leasing momentum, DUMBO’s community continues to expand as creative firms co-locate within the new design district,” said Bueno, managing director at Two Trees. “Complementing this office growth, the neighborhood’s food, beverage, and retail scene continues to play a key role in attracting tenants, offering the amenities and energy that support creative workstyles.”

DUMBO has evolved into one of New York City’s most dynamic residential, office, and retail destinations. Artists, designers, and innovative companies continue to flock to DUMBO, drawn to its art scene, cobblestoned streets, waterfront access, and historic loft buildings and converted warehouses that remain authentic to the neighborhood’s history as a former industrial district. As businesses grow, they increasingly choose to grow in DUMBO; a clear trend has emerged where companies expand their footprint within the neighborhood rather than leave it. This pattern of long-term commitment reinforces DUMBO’s reputation as a community that supports creativity, scalability, and sustained momentum.

45 Main St. is a landmark 12-story office building managed by Two Trees Management, offering flexible, customizable workspaces tailored to teams of all sizes. The building’s prime waterfront location places it just steps from Brooklyn Bridge Park, the iconic Manhattan and Brooklyn Bridges, and the retail and dining offerings that define the neighborhood. 45 Main St. features modern amenities, including a renovated lobby, conference rooms, mother’s room, bike storage, and parking garage.

55 Washington St. is a historic landmarked building featuring nine stories and 337,000 s/f of loft-style offices with oversized windows, modern technology, and flexible floor plans. Amenities include a new, renovated lobby, shared tech-enabled conference rooms, an app for tenant services, an on-site parking garage, bike storage, and more. The building also boasts a rooftop garden designed by Field Operations that doubles as an outdoor office with greenery, multiple seating areas, power outlets, wifi, and 360-degree views of the river, Brooklyn, and Manhattan.

20 Jay St. is one of Two Trees’ most sought-after office buildings, located just steps away from Brooklyn Bridge  Park, the waterfront, and the iconic archways that define the neighborhood. Housed in a striking, neoclassical, 11-story structure built in 1911, it offers approximately 443,000 s/f of office space. Flexible layouts, modern amenities, and more flexible lease options make it ideal for companies in media, technology, and design. Surrounded by over 700 industry-leading firms, the building combines historic charm with a creative ecosystem.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt Commercial Real Estate Question and Answer:  Evaluating the buyer - by David Hunt

Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt

The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily