May 11, 2018
Following the residential population growth along the Greenpoint waterfront since the area’s rezoning, NYU School of Medicine has leased 16,679 square feet at the Caerus Group’s redevelopment of 74 Kent St., a former manufacturing site also known as the Pencil Factory. The lease term is 15 years.
NKF’s Bernard Weitzman, Eric Cagner and Ryan Gessin represented Caerus. Paul Wexler and Josef Yadgarov of Wexler Healthcare Properties at The Corcoran Group advised NYU.
“Caerus Group displayed both vision and foresight when they meticulously renovated this historic industrial landmark,” said Weitzman. “They were justly rewarded with a top tier credit tenant and a long-term lease.”
Caerus senior managing partner Leo Tsimmer said that NYU’s presence, “combined with our efforts to bring new life into the Pencil Factory, will be of great service to the growing Greenpoint community and create numerous jobs.” The developer acquired 74 Kent in 2014, and gut renovated it.
For comments, questions or concerns, please contact Paul Bubny