Doughnut Plant to Open HQ in LIC [Updated]
Doughnut Plant, the confectioner of choice for many throughout the five boroughs, will open its new headquarters and expand its baking facility at the Falchi Building in rapidly gentrifying Long Island City.
First reported by Crain’s New York Business, the company has signed a 10-year lease for 8,495 square feet square feet of space. The mixed-use space will include corporate offices and Doughnut Plant’s largest production facility. A small kiosk selling doughnuts will also be featured at the site.
Newmark Grubb Knight Frank’s George Graf and Dan Gronich represented the tenant, while Cushman & Wakefield’s Dave Tricarico facilitated the deal for the owner, Jamestown.
Located at 31-00 47th Avenue, the Falchi Building has made headlines recently by attracting high-profile tenants including ride-sharing app Lyft, the NYC Taxi & Limousine Commission and Juice Press.
“Our goal with the Falchi Building was to create a concourse that features makers that have a front facing retail space with a manufacturing component—the addition of the Doughnut Plant was a perfect fit,” Michael Phillips, president of Jamestown, said in a statement provided to Commercial Observer. “We believe this model attracts a diverse mix of tenants from food purveyors to office and tech tenants, embodying the creativity in Long Island City and enhancing the environment of the neighborhood.”
Update: This story was edited to include a comment from Jamestown.