02 Jul CommercialObserver: Japanese Digital Art Collective Plans 55K-SF Gallery in Industry City
TeamLab, an innovative Japanese digital arts group known for its immersive LED installations, is taking a 55,000-square-foot exhibition space at Industry City in Sunset Park, Brooklyn.
The Tokyo-based collective has inked an 11-year lease for a gallery on the ground floor and mezzanine of 51 34th Street, otherwise known as Industry City Building 7, a spokeswoman for the landlords told Commercial Observer. The group will also have control over the courtyard between the two buildings, according to a memorandum of lease on file with the city. Asking rents at Industry City range from $15 to $40 a square foot, and there were no brokers involved in the transaction.