D’Addario Signs Lease at Pioneer Building in Downtown Brooklyn
Guitar string maker D’Addario & Company is relocating to Downtown Brooklyn.
The music accessories manufacturer signed a 10-year lease for 3,650 square feet of office space in the Pioneer Building at 41 Flatbush Avenue, according to landlord Quinlan Development Group.
D’Addario plans to make the move from its current offices at 1000 Dean Street in Crown Heights in the second quarter of 2021. The Pioneer lease is for prebuilt office space, with asking rents in the mid-$50s per square foot.
Joseph Cirone, Ron Lo Russo, Remy Liebersohn and Anthony Cugini of Cushman & Wakefield (CWK) represented the landlord. TerraCRG’s Jackson O’Neill and Chris Havens handled the deal for the tenant.
The 10-story creative office property is anchored by podcast production company Gimlet Media, now owned by Spotify, and is also home to communications firm Blue State Digital; energy startup EnergyHub; an employee lounge for Apple employees; and coworking firm Spaces, which took 31,000 square feet in 2018.
Quinlan, together with Building and Land Technology, purchased the former storage building in 2015 and upgraded it to an office property with a $35 million capital investment program.
D’Addario was first founded in Long Island in 1973 by Jim and Janet D’Addario, and has since grown to a global company, best known for its guitar strings (famous users include musicians Mark Knopfler and Keith Urban). In 2020, John D’Addario III assumed the role of CEO, replacing his uncle Jim, according to a press release from the company.