Tishman Speyer has lastly stuffed the Wheeler.
Brooklyn Defender Providers, which supplies free authorized illustration, signed a 31-year lease for 212,000 sq. ft at 422 Fulton Road, the businesses introduced. The deal brings the constructing, generally known as the Wheeler, to full occupancy. Business Observer first reported the news.
The nonprofit joins a roster of tenants together with Brooklyn Prospect and St. Francis School. BDS’ places of work will occupy six full flooring of the 10-story growth.
The asking hire was not disclosed, however the common workplace hire in Downtown Brooklyn was $54.85 per sq. foot in the first quarter of 2026, in response to Colliers.
The lease caps a yearslong effort to fill the Wheeler, Tishman Speyer’s workplace redevelopment atop what was previously Macy’s.
Tishman acquired the higher portion of the Fulton Road property from Macy’s in 2015 for $270 million, marking the developer’s first major project in Brooklyn. The corporate added 10 flooring of workplace area above the retailer’s flagship retailer whereas preserving the cast-iron facade. The constructing as soon as housed the historic division retailer Abraham & Straus till it was acquired by Macy’s in 1995.
The mission’s leasing efforts obtained off to a promising begin. The developer initially landed Whittle School & Studios as an anchor tenant, however the deal unraveled in 2020 because the schooling startup struggled financially throughout the pandemic.
The constructing has since leased up in phases. St. Francis College relocated to the Wheeler in 2022, whereas Brooklyn Prospect signed a 150,000-square-foot lease final yr for a brand new highschool campus.
Because the tenant roster grew, Tishman additionally shored up the mission’s financing. In 2024, the developer secured a $301 million refinancing from Starwood Property Belief on the mission.
Tishman Speyer was represented in-house by Megan Sheehan and a CBRE group of Mary Ann Tighe, Joseph Cirone, Masha Dudelzak, Zachary Worth, Gerry Miovski. Jonathan Franzel and Ryan Gessin of Newmark represented BDS.
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St. Francis College takes 250K sf at new DoBro building
Tishman Speyer lands $301M refi on historic Macy’s building in Downtown Brooklyn
