Savills Studley Closes 78 KSF Dumbo Heights Lease
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New York—Savills Studley announced that it has closed a 12-year, 78,000-square-foot lease at 55 Prospect St. in Dumbo Heights, Brooklyn, on behalf of education technology company 2U.
2U will occupy the last three floors of a ten-story, 255,000-square-foot building, also benefiting from rooftop access. The company will uproot headquarters from Chelsea Piers, where it occupies 20,000 square feet, around four times less space, by the end of 2017.
The tenant was represented by Savills Studley Senior Managing Director Craig Lemle and Managing Director Nick Zarnin, along with Adam Schindler and Paul Schweitzer of Serten Advisors. Additionally, Senior Managing Director David Fleisher was able to negotiate a package that will provide over $20 million in incentives to the tenant…
