Thor Equities recently signed a new tenant at 180 Livingston St. in downtown Brooklyn. Helen Keller Services for the Blind (HKS) signed a 30-year lease for 46,240 square feet of office space, taking over the building’s entire second floor and part of the first floor. HKS will thus create a separate entity within the six-story property owned and managed by Thor.
“180 Livingston Street is the ideal building for Helen Keller Services due to its central location in Downtown Brooklyn, and proximity to surrounding areas including Brooklyn Heights, DUMBO and elsewhere in Brooklyn and Manhattan,” Joseph Sitt, Thor Equities CEO, said in a prepared statement.
Thor Equities acquired the property from Treeline in the fall of 2015, for a price tag of $136 million. The sale was also subject to a $90 million loan held by TPG Capital, according to data from Yardi Matrix. Encompassing 257,000 square feet of office and retail space, 180 Livingston St. was originally built in 1900 as an industrial building, and was converted to office space in 2001. Brooklyn is no stranger to adaptive reuse projects, boasting a rich industrial past and a plethora of industrial-to-office conversion opportunities.
The mid-rise mixed-use building is located just one block south of Fulton Mall, which attracts more than 100,000 shoppers a day. Other nearby attractions include the MetroTech Center, City Point, Pacific Park and the BAM Cultural District. The property also offers easy access to 13 subway lines, 16 bus lines and the Long Island Rail Road.