JLL has landed the management deal for Brookfield Properties' newest flexible office campus in Downtown Brooklyn. Called Orchard Workspace at 15 MetroTech Center, the property is 50,000-square-fott flexible office and meeting campus targeting mature and start-up companies. JLL has worked on the property from top to bottom, including design and construction, and it will now take on operations as well.
The pandemic has disrupted the office market, and New York City has been the epicenter of the damage—with a near stall in office leasing activity and investment. However, many companies, including Brookfield, are forecasting increased demand for flexible office space has companies adopt a hybrid remote work and in-person working model following the pandemic. This particular campus will be able to accommodate everything from meeting spaces, spinout space for startups and small companies as well as companies in need of satellite offices. Scheduled to open in spring 2021, it will help to supply that demand and gives Brookfield confidence in the success of the property.
The property is also easily accessible, near 13 subway lines as well as 3.5-acres public outdoor park space and Brookfield plans to provide year-round programming focused on art. Companies utilizing Orchard Workspace will also be in good company. The greater property MetroTech Center is home to an impressive roster of tenants that includes Slate, Magellan Health, Think! Architecture and Design, Uniworld Group, Stratasys and JPMorgan Chase.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Unlimited access to GlobeSt and other free ALM publications
- Access to 15 years of GlobeSt archives
- Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
- 1 free article* every 30 days across the ALM subscription network
- Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.