Wednesday, September 01, 2010

More city leasing at MetroTech

Forest City Ratner has a long history of getting government tenants in its MetroTech and Atlantic Center complexes, and that string continues.

From Crain's New York Business, City takes 82K square feet at MetroTech:
The city's Department of Citywide Administrative Services has signed a lease for 81,800 square feet at 2 MetroTech Center in downtown Brooklyn. The asking rent was $35 a square foot.

The space, which is under a 20-year lease that officially began in May, will be used by the city's Department of Information Technology and Telecommunications, which plans to use it for offices and a data center. DoITT will take over the entire second floor and part of the fifth floor—64,000 square feet—in the 20-year-old, 10-story property. The remaining nearly 18,000 square feet will be used for the city's expanded data center.

...The city already leases 216,000 square feet at 11 MetroTech Center. That lease was first signed in 1993 and amended in 2004 with an option to extend until 2020. The lease at 11 MetroTech Center includes a 75,000-square-foot data center for DoITT on the fourth and fifth floors, as well as 60,000 square feet for the city's 911 communications center on the first and second floors.
This consolidates a couple of different Manhattan locations, apparently.

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