Rubenstein Partners’ 25 Kent, Brooklyn’s newest mixed-use office and light manufacturing building, today announced it signed a 37,403-square- foot, 10-year revenue share agreement with Mindspace, a Tel Aviv-based global boutique flex space provider, at 25 Kent Avenue in Williamsburg.
This is the company’s second location in partnership with Rubenstein Partners, following Mindspace Wanamaker in Philadelphia. The new Mindspace Williamsburg will be utilized as the company’s New York coworking outpost, marking the company’s fifth U.S. location.
This is in addition to Mindspace sites spread across 40 locations in over 20 cities worldwide, including the recently announced Miami location, as well as San Francisco, Washington D.C., Philadelphia, London, Amsterdam and Berlin branches.
“Williamsburg’s prime location, as home to Brooklyn’s burgeoning creative class, coupled with Mindspace’s forward-thinking approach to office space, and ability to reimagine and tailor a workplace to drive success among companies of all sizes, makes for an ideal addition to 25 Kent,” said Joe Zuber, Regional Director of NY Metro & New England at Rubenstein Partners.
“We’re thrilled to welcome Mindspace to 25 Kent as we continue broadening the business operations at the building, while simultaneously continuing to cultivate and create an innovative community that appeals to all sectors and uses,” Zuber added.
With remote and hybrid work models rapidly trending upward as companies continue their efforts in returning to the office post-pandemic and evaluate the office structure that best meets the current needs of their employees, Mindspace’s new 25 Kent location will provide a beautifully designed upscale flexible office and coworking option in New York City upon its Spring 2023 opening.
“We are really excited to be opening our first New York City location, especially in such an innovative new building such as 25 Kent. Williamsburg is a highly creative, design-focused neighborhood making it a perfect match for the Mindspace brand. This will be our fifth US location, and the tenth new Mindspace location announced this year, as we continue our rapid growth trajectory in EMEA and the US.” Mindspace CEO and Co-Founder Dan Zakai commented.
25 Kent features plenty of outdoor space, including a communal roof deck, private rooftops, and unobstructed views of the Manhattan skyline. The building also offers a state-of-the-art fitness center and plenty of on-site car and bike parking.
With floor to ceiling windows, Mindspace Williamsburg is designed to be a light and inviting space offering private offices, large suites, boutique meeting rooms, and member lounge areas. Mindspace’s signature benefits and services include community events and wellness, lifestyle and professional development programs and all members enjoy access to any Mindspace location worldwide.
Developed as a partnership between Rubenstein Partners and Heritage Equity Partners, 25 Kent is ideally located in a neighborhood that is young, vibrant and filled with entrepreneurs, artists and artisans. The building occupies a full block bounded by Wythe and Kent Avenues and North 12th and North 13th Streets, directly across the street from Bushwick Inlet Park, the city’s newest waterfront park, recently opened to the neighborhood.
A product of collaboration between design architect Hollwich Kushner (HWKN) and design development architect Gensler, this newly completed eight-story, 500,000-square-foot commercial office building is the first of its type erected in North Williamsburg in more than 40 years.
It’s conceived to be a hub of innovation in which the tech, creative, design, production and light manufacturing industries can collaborate and grow together. The landlord and tenant represented themselves in the deal.
About Rubenstein Partners:
Rubenstein Partners, founded in September 2005, is a private real estate investment management and advisory firm with operations throughout the United States. The firm is led by its founder, David Rubenstein, and a group of senior real estate executives, and is focused on owning and managing office real estate equity and debt investments in the U.S.
Rubenstein Partners’ predecessor company, The Rubenstein Company, LP and affiliates, founded in 1969, was one of the largest private owner operators of Class A office real estate in the Mid-Atlantic, owning and operating a portfolio of assets valued at approximately $1.2 billion at the time of its disposition in 2004. Since 2005, Rubenstein Partners has, on behalf of its investors and clients, invested in more than 22 million square feet of office real estate assets throughout the United States.
Mindspace is a boutique flex space provider, presenting a global mindset with a local flavor. Mindspace redefines the workplace experience for companies of all sizes. The beautifully designed spaces, personalized level of service and carefully curated events enhance employee engagement and build a strong sense of community, accommodating the way people work, innovate and grow. Mindspace’s customer base includes blue-chip companies, enterprises and SMBs, in 40 locations, 20 cities and 7 countries across Europe and the US. Along with startups and small companies, Mindspace is home to corporations and large companies such as Samsung, Microsoft, Techstars accelerator, Barclays Bank, Taboola, GoPro, Playtika and Klarna.