Stroock Advises Industry City Owners in 132,000-Square-Foot-Lease for Department of Records and Information Services at Brooklyn Complex
New York (June 28, 2018) —Stroock’s National Real Estate group has advised Industry City in its agreement with the Department of Records and Information Services (DORIS) for 132,000-square-feet of space at 167 41 Street in Sunset Park, Brooklyn – also known as Building 20 of the Industry City complex.
The lease for DORIS, which includes warehouse and ancillary office and exhibition space, is for 20 years. DORIS has been a long-time tenant at Industry City. Its previous lease was for 127,406 square feet on two floors in Building 19.
The Stroock team that represented Industry City includes partner Ross Moskowitz, senior attorney Ken Theil and associate Evan Babcock. The firm regularly represents Industry City with respect to lease matters to municipal users.
Stroock’s 85-member national real estate group helps clients structure, negotiate and close some of the country’s largest commercial real estate transactions including: the development and recapitalization of 10 Hudson Yards in NYC; the redevelopment of the former Washington Post site in the heart of Washington, D.C.; the sale of 1285 Avenue of the Americas located in Rockefeller Center; the sale of the Southeast Financial Center, an iconic office building in downtown Miami; the recapitalization of the Century Plaza Towers, the most recognizable trophy office complex in the Century City area of Los Angeles; the disposition of Two Independence Square serving as the headquarters for NASA in Washington, D.C.; the 1.9 million-square-foot mega-project of Essex Crossing on the Lower East Side of NYC; the acquisition of the Department of Veterans Affairs Hospital in Loma Linda, CA; and the redevelopment of the World Trade Center site in Lower Manhattan.
Stroock provides strategic transactional, regulatory and litigation advice to advance the business objectives of leading financial institutions, multinational corporations and entrepreneurial businesses in the U.S. and globally. With a rich history dating back 140 years, the firm has offices in New York, Los Angeles, Miami and Washington, D.C.