City Leases Former Brewery Building In Bushwick: Reports

BUSHWICK, BROOKLYN — The city’s Department of Citywide Administrative Services has signed a $156 million lease for the office building at 95 Evergreen Avenue in Bushwick, according to reports

The agency is claiming the entire 158,150-square-foot space for the city’s Human Resources Administration for the next 20 years, according to a Commercial Observer report.

Space in the five-story building will cost the city $156 million in total, with rents increasing every five years from $34.5 million for the first five-year quarter, to $37.5 million for the second quarter, $40.5 million for the third quarter and $43.5 million for the fourth.

The owners — Savanna and Hornig Capital Partners — will pay $5.8 million to help perform a buildout, to which the city will contribute $20.5 million.

The office building on the corner of Evergreen Avenue and George Street was once was home to the Joseph Schlitz Brewing Company’s beer-bottling plant, which owners bought in 2015 for $33.7 million and renovated for $20 million, according to the Daily News.

Three HRA offices in Brooklyn will be relocated to the Bushwick site.

Photo courtesy of Google Maps/Oct. 2014