Altana, an artificial intelligence platform for supply chain management, has signed a 10-year lease for roughly 21,000 square feet of office space at 25 Kent Ave. in the Williamsburg neighborhood in Brooklyn, N.Y. Whitten Morris and Peter Riguardi of JLL represented the landlord (Rubenstein Partners), while Sam Seiler and Joe Sipala, also of JLL, negotiated on behalf of Altana.
The deal allows the company to shift its workforce from its current location at 134 N. Fourth St. to the eight-story building owned by Rubenstein Partners. Altana’s expansion into its new headquarters comes on the heels of a recent $100 million Series B investment.
“As the primary cultivator of New York’s innovation economy, Williamsburg provides a vibrant and creative community for up-and-coming technology companies looking to plant their corporate flag surrounded by various like-minded and forward-looking businesses,” said Rubenstein’s Joe Zuber.
Since the building’s completion in 2019, Rubenstein — which owns the 500,000-square-foot, mixed-use office building in Brooklyn in a joint venture with Heritage Equity Partners — has been making slow progress in its efforts to lease the space. Most recently, Tel Aviv-based flex space operator Mindspace inked a deal for 34,000 square feet, joining the likes of Amazon Music and streetwear brand Kith.
According to the property’s website, 25 Kent boasts roughly 20,000 square feet of underground retail, as well as 78,000 square feet of industrial “makerspace” designed with creative professionals in mind. Additionally, the property paid great attention to the issue of parking, providing tenants with 275 car spaces and 150 spots for bikes. The premises is also equipped with both Tesla and universal charging stations for those commuting to the office via an electric car.
Occupying an entire block, 25 Kent is located just across from Bushwick Inlet Park, the city’s newest waterfront park. Meanwhile, for those who want to take a breath of fresh air (but don’t want to leave the premises), the building provides private, as well as shared terraces, in addition to a massive outdoor space set up to accommodate flexible work areas, various events and even outdoor conferences.
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