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Category ArchiveFederal Bureau of Investigation

Queens District Attorney Nears Deal for 101K-SF Office Space in Kew Gardens

The Queens County District Attorney’s office is close to renewing and expanding its Kew Gardens office space to more than 100,000 square feet, Commercial Observer has learned.

The D.A. currently occupies 86,002 square feet in Crossroads Tower, a 12-story office building at 80-02 Kew Gardens Road, near Queens’ county criminal court and borough hall. It plans to renew its current lease and expand to 101,329 square feet, according to the Department of Citywide Administrative Services, which handles real estate deals for city agencies.  

The new, 14-year lease for the county prosecutor’s office will include a portion of the concourse level, the entire first floor, parts of the second, fourth, fifth and seventh floors and the entire eighth floor. Asking rent was $37 a square foot for most of the space, except for part of the ground floor, which was asking $55 a square foot, according to information from CoStar Group.

The annual rent will start at $3.57 million ($35 a square foot) for the first year and rise slightly each year until 2031, when the final rent will be $4.95 million ($49 a square foot), public records show.

The office, headed by Queens District Attorney Richard A. Brown, has occupied the tower since 1991, according to a DCAS spokesman. The 515,000-square-foot building was constructed in 1989 at the corner of Grand Central Parkway, Queens Boulevard, Union Turnpike and Kew Gardens Road.

CBRE’s Roy Chipkin handled the deal for the owner, Cammeby’s International, and John Morrill, also of CBRE, represented DCAS. They declined to comment through a spokeswoman.

Crossroads Tower fell into bankruptcy in the early ’90s, but its fortunes turned around by 1996, when the Federal Bureau of Investigation, the New York State Department of Finance and Taxation and a handful of other government tenants moved in, the New York Times reported at the time. The FBI currently occupies 84,000 square feet on the property’s top two floors, and the state finance department still has 38,000 square feet on the 9th floor.

Source: commercial

Twitter Monitoring Company Dataminr Stays Put in NoMad

Dataminr, a firm that analyzes Twitter to identify breaking news, has renewed the lease for its offices at 99 Madison Avenue at the corner of East 29th Street in NoMad.

The eight-year-old startup is staying put in 8,264 square feet on the entire third floor of the Mayflower Agency’s 17-story office tower, according to CBRE.

CBRE’s Matthew McBride represented Dataminr, and Matthew Kiamie of Windsor Management represented the landlord. The length of the lease and the asking rent were not immediately available. CBRE’s broker declined to comment through a spokeswoman.

The century-old Art Deco building is also home to software company ThoughtWorks, architecture firm Montroy Andersen DeMarco and coworking space Broadway Suites. Habib American Bank occupies the ground-floor retail space.

Twitter reportedly owns a 5 percent stake in Dataminr, which uses algorithms to sift through millions of tweets a day and create news alerts for its clients. Financial firms, news organizations, law enforcement and government agencies use the company’s software to stay abreast of events like terrorist attacks, shootings and natural disasters in real time. The Federal Bureau of Investigation and the Department of Defense have both struck deals with the company in the past year, and hundreds of news organizations, including Huffington Post, CNN and BBC, subscribe to its alert service.

Source: commercial