Fabrication Lab Collab Moving From Soho to Bushwick
Collab is relocating from Soho to Bushwick, Brooklyn, Commercial Observer has learned.
After a nine-year run in Soho, the fabrication lab and innovation studio is planning a move to an entire 12,000-square-foot building at 309 Starr Street, according to information provided by the lone broker in the deal.
Collab, which will make the move from 5,000 square feet at 304 Hudson Street in Soho in February or March, signed a lease for new digs because its lease is expiring, it needs more space and executives like Bushwick, per a spokeswoman for ABS Partners Real Estate.
The Bushwick property, between St. Nicholas and Cypress Avenues, is one story plus a mezzanine. The asking rent was $35 per square foot, ABS Partners’ Ben Waller indicated. He represented the tenant as well as the landlord, Happier Two Productions, in the deal. The length of the lease wasn’t immediately available.
“We are seeing more and more innovative companies like Collab seeking space in Bushwick,” Waller said in prepared remarks. “While the occupancy cost is substantially less than Manhattan, these companies are even more attracted to the types of flex spaces and the proximity to their workforce that the neighborhood has to offer.”