Tesla Adds a Little More Legroom at Red Hook Dealership
The car company has signed a 6,500-square-foot deal to expand at LIVWRK’s 160 Van Brunt Street, according to The Real Deal. Asking rent in the transaction was in the mid-$40s per square foot, but the length of the lease wasn’t immediately available.
TRD indicated that the space would be used as offices for the Red Hook dealership. That gives Tesla about 46,500 square feet at the former home of ship repair company Golten Marine. It was not clear if brokers were involved in the transaction.
In February 2016, Tesla signed a 40,000-square-foot lease at the property between Bowne and Summit Streets, as Commercial Observer previously reported. The ground-floor space was intended for a dealership and service center.
LIVWRK picked up the 98,650-square-foot building from Golten Marine in July 2014 for $21.5 million. Asher Abehsera, the co-founder of LIVWRK, did not immediately return a request for comment.
This is one of two Big Apple locations that Tesla has inked in the last year. The company in September 2016 finalized a 7,800-square-foot lease at 860 Washington Street in the Meatpacking District, as CO previously reported. Tesla’s space is on the ground floor of the property between West 13th and West 14th Streets.