RKF named leasing agent for The Factory in Long Island City
New York — RKF has been selected as the exclusive retail leasing agent for The Factory, a one-million-square-foot, multi-tenant commercial building located in Long Island City, Queens. Situated in the Hunter’s Point section of Long Island City, the retail space at The Factory consists of 23,564-sq.-ft. on the ground floor and 21,854-sq.-ft. on the building’s lower level.
RKF executive VP Barry Fishbach and director Young Kim are bringing the opportunity to market for Atlas Capital Group, who recently acquired the property.
“This is a rapidly changing section of Long Island City that is quickly evolving from industrial to a 24/7, mixed-use community, driving up demand for new retail,” said Fishbach. “With thousands of new residents and businesses continuing to flock to Long Island City, The Factory is a transit-oriented property offering incredible value and extremely desirable amenities.”
Built in 1926 and originally used by Macy’s as a furniture warehouse, the new ownership has commissioned a major renovation to transform and modernize the property into a hub for office, creative and technology tenants. Upon completion, the historically significant, 10-story property will include a newly-designed lobby and food marketplace, a modernized lobby, parking and bike storage, and private roof decks.