The Factory LIC Generates 16,269 Square Feet of New Deals

June 24, 2015 – Long Island City, NY – Atlas Capital Group announced today that two new leases have been signed at The Factory in Long Island City, New York. The fresh deals welcome companies from two different industries, one of them relocating from Manhattan.

Gwynnie Bee leased a 12,702 square foot pre-built suite on the fifth floor. Gwynnie Bee is an online clothing rental subscription service for women. The new pre-built comes standard with scarified and sealed concrete floors, 12-foot ceilings, high efficiency lighting with occupancy sensors, two glass fronted conference rooms, modern pantry with stainless steel appliances, and new windows with low-e glass and postcard views of the Manhattan skyline. Gwynnie Bee was represented by Robin Fisher and Christie Bennett from Newmark Grubb Knight Frank.

Applied Research & Consulting (ARC), a full-service public opinion polling, market research and data analysis firm is moving to Long Island City from West 13th Street in Manhattan. ARC inked 3,567 square feet on the fourth floor to take advantage of the abundance of light and air, as well as the flexible open space The Factory offers its tenants. ARC was represented by Haley Fisher and Michael Blanchard from Cushman & Wakefield.

“We really like the overall design aesthetic of The Factory, with its emphasis on large, open spaces and its updated, industrial style. We’re also excited about moving to a part of New York City that’s evolving quickly as a business neighborhood,” said Chris Bumcrot, Partner at ARC.

Ownership was represented by Howard Kesseler, Brian Waterman, Jordan Gosin and Brett Bedevian from Newmark Grubb Knight Frank. “The Long Island City submarket has evolved to a desire play. The Factory attracts new tenants looking for an environment similar to Midtown South and Chelsea, at a fraction of the cost,” said Brian Waterman of Newmark Grubb Knight Frank. “The open floor plates, complimented by high ceilings provide a unique and inviting setting that help tenants be productive at The Factory,” continued Waterman.

The Factory is a 1.1M square foot office building, located in Long Island City. Ownership, a partnership between Atlas Capital Group and Square Mile Capital, is in the midst of an approximately $20M capital improvement program that includes a new building entrance, refurbished lobby, new public corridors, new restrooms, new pre-built suites and new building amenities. The building is WiredScore Silver Certified, provides large and flexible full-floors, as well as work-ready converted lofts. Every floor has exceptionally high ceilings and brand new, fully functional windows. Building amenities will include a convenient shuttle to local public transportation, secure bike storage, indoor parking and a food marketplace. With a diverse mix of commercial space, complimented by a healthy mix of retail and building amenities, The Factory is the epicenter at what is quickly becoming New York’s most exciting neighborhood.

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