Tri State arranges 10-year lease for tech company establishing co-working space
Tri State Commercial Realty, Brooklyn’s foremost real estate broker, has arranged a 10-year, 2,000-square-foot lease for New York-based technology company Monocle Vision, Inc. at 268 Metropolitan Avenue in Williamsburg, Brooklyn. The new location will be used as a co-working space aimed at high-tech companies and ventures.
The Tri State team, led by Moshe Akiva, represented both Monocle Vision, Inc. and the building’s owner, All Year Management, in these negotiations.
Monocle Vision, Inc. creates image capturing solutions for commercial retail use was founded by three Princeton University classmates. Andrew Jay Zhou, chief executive officer, Eric He, chief operating officer and Leon Aung, chief brand officer, began research and development of various technologies in 2017 while they were a part of Princeton University’s computer science and economics departments. Currently, Monocle is partnered with Asian apparel manufacturers to strengthen their respective consumer retail experiences through proprietary Augmented Reality (AR) toolkits. This part of the business will continue operations out of the Manhattan location.
The Williamsburg co-working space that Monocle has established in Brooklyn aims to attract high-tech innovators seeking a place in which to collaborate on a daily basis with like-minded individuals.
“Monocle Vision well understands the unparalleled innovation happening within the technology industry. They see the thriving area of Williamsburg as a place that attracts early-stage technology companies seeking to pool resources and share ideas,” said Moshe Akiva, Tri State Commercial Realty. “Metropolitan Avenue is a dynamic part of Brooklyn, and continues to attract top-tier talent. Monocle’s new co-working space will certainly be a welcome addition to the neighborhood.”
268 Metropolitan Avenue, a recently-completed mixed-use building, touting 4,000-square-feet of commercial retail space and 24 contemporary residences in a variety of layouts from studios to four-bedroom units. The centrally located building, at the energetic intersection of Metropolitan and Driggs Avenue offers residents and commercial tenants’ easy access to shops, dining and entertainment options and transit, which includes the L train at Bedford Avenue and the G train at Metropolitan and Union Avenue. Neighborhood favorites, such as Extra Fancy and Butcher’s Daughter are down the block and across the street, respectively.
About Tri State Commercial Realty:
Tri State Commercial Realty, the “Brooklyn Experts,” is a full-service commercial real estate brokerage dedicated to professionalism while finding solutions for clients. Since 2014, Tri State has been serving the Brooklyn market and making individual commercial property needs a reality. Tri State’s experienced team of commercial property brokers dedicate themselves to knowing the market inside and out and endeavor to provide best-in-class service for those seeking tenancy options in factory and warehouse spaces, retail buildings, restaurants and more. Professionalism, teamwork, and integrity are values that Tri State Commercial Realty relies on to consistently deliver award-winning results, including #1 in Brooklyn in closed deals for two years in a row. Our keen understanding of ownership needs and tenant requirements has earned our company a solid reputation amongst both clients and the commercial real estate community. For more information, please visit: https://tristatecr.com/.
