NYC School Construction Authority Renews 75K SF at LIC’s The Factory (UPDATED)
By Isabelle Durso June 16, 2025 4:03 pm
reprints
A New York City public school is staying at The Factory in Long Island City, Queens, awhile longer, Commercial Observer has learned.
The New York City School Construction Authority (SCA) has signed a 15-year renewal on behalf of New York City Public Schools for the 75,000-square-foot Robert F. Wagner, Jr. Secondary School for Arts and Technology on part of the ground and second floors of Atlas Capital Group’s 30-30 47th Avenue, according to a source with knowledge of the deal. Asking rent was $45 per square foot.
The SCA is responsible for building new public schools and managing the design and construction of existing schools in the city, according to its website.
Robert F. Wagner has been a tenant of the building between 30th Place and 31st Street since 1995, the SCA said.
Newmark’s Brian Waterman, Jordan Gosin and Alex Rosenblum brokered the deal for the landlord, while the SCA represented itself.
Newmark declined to comment, while a spokesperson for Atlas did not immediately respond to a request for comment.
Other tenants of the 10-story, 1.2 million-square-foot building on 47th Avenue include toy company Cardinal Industries, contracting firm TEI Group, promotional products distributor Halo Branded Solutions and apparel brand Ralph Lauren, which expanded its photo studio at The Factory to 54,602 square feet in March 2023.
Department store chain Macy’s and the New York City Department of Citywide Administrative Services are also major tenants in the building.
Atlas purchased the massive office building in 2013 along with Invesco Real Estate and Square Mile Capital, the latter of which was later bought out, CO reported. The landlords updated the lobby and added amenities to the property, including a lounge, bike storage and a ground-floor marketplace.
Updated: This article was updated to reflect that the SCA signed the renewal on behalf of New York City Public Schools.
Isabelle Durso can be reached at idurso@commercialobserver.com.
