Newmark Arranges 93,000 Square Feet of Leasing at The Factory, a Premier Work Destination in Long Island City

May 18, 2026 9:00 AM

Newmark announces the Company has arranged approximately 93,000 square feet of office leasing at The Factory located in Long Island City, New York. Executive Vice Chairman Brian Waterman, Senior Managing Director Jordan Gosin and Associate Director Alex Rosenblum are the exclusive leasing agents and represented ownership, a joint venture between Atlas Capital Group, Partners Group and Invesco Real Estate, in negotiations.

"This latest leasing activity reinforces The Factory's appeal as companies prioritize well-located, amenity-rich environments," said Waterman. "Demand remains strong from a diverse tenant base drawn to the building's flexibility and position within one of New York's most dynamic submarkets."

The activity comprises a mix of renewals and new leases, including:

• NYC Employee Retirement System, renewed its 35,000-square-foot space on the tenth floor
• United Healthcare Group, which renewed its 19,000-square-foot space on the fourth floor.
• CUNY, which signed a 24,000-square-foot lease on the fifth floor.
• The Neustadt Gallery, which signed a 11,500 square-foot on the fifth floor.
• Tosot, which signed a new 3,200-square-foot lease on the sixth floor.

The Factory stands as one of Long Island City's most compelling office environments, designed to support the next generation of innovative companies. A thoughtfully executed repositioning introduced large, flexible floor plates and loft-style spaces with expansive city views, complemented by more than 40,000 square feet of amenities, including a tenant lounge, food hall, collaborative spaces, 24-hour concierge, parking, bike storage, shuttle service, The Factory Athletic Club and the LIC Arts Gallery.

Located at the nexus of Manhattan, Brooklyn and Queens, the property provides exceptional regional accessibility within one of New York's most desirable live-work neighborhoods. Its surrounding ecosystem of arts institutions, open space and nonprofit organizations reinforces its appeal to tenants seeking both connectivity and a culturally rich environment.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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