Industry City has signed leases with Porsche and Volvo to operate showrooms and service centers out of the 16-building, 6-million-square-foot campus in Sunset Park, Brooklyn, New York. The addition of Porsche and Volvo to Industry City (IC)’s campus represents a first-of-its-kind customer experience for both brands, offering the intersection of an experimental showroom and service center far from the traditional auto service experience, its developers said.
“Creativity and design are the heart of IC, and these showrooms will display each manufacturers’ latest inventions, from the innovation at the forefront of green engineering to the latest, cutting-edge auto designs,” said Jim Somoza, director of development at Industry City, which is owned by Belvedere Capital, Jamestown and Angelo Gordon & Co. “Additionally, we are excited to offer a new type of car service to New Yorkers; one where you can enjoy the afternoon on campus while you’re awaiting an oil change, or simply check out the latest models. We are looking forward to welcoming new and existing Porsche and Volvo drivers as they explore the campus and all it has to offer.”
Porsche, the German automobile manufacturer which specializes in high-performance sports cars, SUVs and sedans, will operate an approximately 10,000-square-foot showroom, and 30,000-square-foot service center. The new space is anticipated to open in January of 2022.
Volvo, the Swedish automobile manufacturer of SUVs, station wagons, hatchbacks, sedans and compact executive sedans, will create roughly 20,000 square feet of showroom and service center space, which will showcase the company’s range of standard, electric and hybrid vehicles. Volvo’s showroom and service center is anticipated to open in September.
Industry City was represented by Somoza in the transaction. Both Porsche and Volvo were represented by Esther Bukai, executive vice president of Ripco Real Estate.
“After learning what both Porsche and Volvo were seeking for their newest sites — convenient location, flexible spaces to accommodate the needs of their showrooms, and abundant access to outdoor space for employees — it was apparent that Industry City would be the perfect fit,” Bukai said. “With strong histories of exceptional design and distinguished manufacturing practices, both companies will make great accompaniments to the campus.”
