Bushwick Conversion Project Lands First Tenant: A Map-Making Startup
CartoDB, a startup that offers mapping and data analysis tools, has found a new headquarters in Brooklyn.
The company has signed a four-year lease to relocate to a pre-built, 7,500-square-foot space in a former steel fabricating warehouse at 215 Moore Street in the Bushwick section of Brooklyn, Commercial Observer has learned. Asking rents for office space in the two-story building between White Street and Bushwick Avenue start at $50 per square foot, a spokeswoman for ABS Partners Real Estate told CO.
CartoDB’s new office “has soaring high ceilings and a skylight,” Corbett & Dullea Realty‘s Brian Gianci, who represented the tenant, told CO. “They wanted a wow factor space since they have clients in the office a lot. Also, they wanted to be in a hip, cool neighborhood.”
Toby Moskovits’ Heritage Equity Partners and the Lichtenstein Group purchased the property in 2014 for $28.3 million, according to property records. The owners are converting 215 Moore Street to an office and retail building called The Bushwick Generator. The project is expected to be completed next year.
CartoDB is the first tenant to sign onto the building and plans to move into the already completely converted space by the end of the month from its current offices at 143 Roebling Street in Williamsburg.
“Spaces at The Bushwick Generator have double-height ceilings, large windows, skylights and high-end finishes, creating a unique, modern office environment that’s a great fit for innovative companies like CartoDB,” ABS Partners Real Estate’s Ben Waller, who represented the landlord, said in a prepared statement. “The space that CartoDB will occupy provides the right amount of flexibility to accommodate future growth, while giving them a central location in the East Williamsburg-northern Bushwick business district.”