And the Brooklyn Paper has the story. Here’s an excerpt:

Acclaimed local filmmaker Spike Lee will set up an annex of his famed “40 Acres and a Mule” film company in DUMBO, The Brooklyn Paper has learned.

“Spike Lee is coming to 55 Washington Street in DUMBO,” said a spokeswoman for Two Trees Management, the David Walentas-owned company that owns half the neighborhood.

High rents had forced the “Malcolm X” director out of space at 124 DeKalb Ave., where he had been for 22 years, and into another space it already owned around the corner on South Elliot Place.

“Got priced out, the rent raise was insane,” Lee told The Brooklyn Paper in April.