Coworking company Ignitia Office has signed a deal to open its first space at a Crown Heights office building, according to a press release from the landlords.
Ignitia Office will occupy a 17,000-square-foot space at 1000 Dean Street between Classon and Franklin Avenues, the release indicates. The company will be based on the ground floor when it open this summer.
The lease is for 15 years, according to The Wall Street Journal, which first reported news of the deal. While asking rent in the lease wasn’t immediately available, for past office deals in the building, the landlord asked for $30-something per square foot, as Commercial Observer has previously reported.
“The launch of Ignitia Office is yet another example of why 1000 Dean is the place to be for Central Brooklyn’s professional and creative community,” Don Capoccia, a principal at BFC Partners, said in prepared remarks. The firm is a co-landlord in the property along with Brownstoner Development and Goldman Sachs Urban Investment Group, which converted the 150,000-square-foot industrial building into office space over the last five years.
“Prime space, an incredible building and a vibrant neighborhood all make 1000 Dean the perfect home for our first premium coworking space,” Josh Bobrowsky, the chief executive officer of Ignitia Office, said in a statement.
Christopher Havens of TerraCRG represented the landlord in the deal, according to the release. The property is more than 90 percent leased since the developers acquired it for a recorded $11 million nearly five years ago. A+E Networks in September 2016 signed an 11,775-square-foot lease for part of the ground floor and portion of the second floor, as CO reported at the time.