Saturday, April 4, 2009

Industry moving from Manhattan to LIC

From Globest.com:

A pair of leases totaling 43,000 square feet have been signed at 21-09 Borden Ave. in Long Island City, the first two deals in a program to make the 170,000-square-foot loft building available to outside tenants. The building’s owner and former sole tenant is relocating its operations to the West Coast.

Both new tenants at 21-09 Borden are relocating to Queens from Manhattan. DeAngelis, Ltd., a high-end upholsterer, has signed for 27,000 square feet, while digital printing company TouchStone Direct is taking 16,000 square feet. Both are five-year leases, according to Sholom & Zuckerbrot, which arranged the deals.

5 comments:

Anonymous said...

Good. This is where they belong and this is what Long Island City needs, not ridiculous Condos wedged into a moonscape with hot and cold running thugs and prostitutes.

Anonymous said...

Wait till they meet their new neighbors across the avenue, in the Salvation Army mens' shelter. The 108 is going to have their hands full!

bulletthesky said...

well that's good i guess

Anonymous said...

They will be forced out in a few years due to rising rents. NYC is not a manufactering city anymore. These type of facilities would be best located upstate.

Anonymous said...

No, rents are dropping. We're in a recession that's expected to last for years. Maybe it's time to revisit preserving industry in this city.