NEW YORK CITY – The Feil Organization has bought a industrial growth website in Brooklyn’s Fulton Mall procuring district from the Modell Family and Weinstein Enterprises Inc. for $32.5 million.
Located at 360-370 Fulton St. on the intersection of Fulton St. and Jay St, the positioning spans 171,180 buildable sq. ft of house and provides greater than 104 ft of retail frontage.
The property is located close to a number of subway stations.
The JLL capital markets workforce, comprising vice chairman, Stephen Palmese, vice chairman, Brendan Maddigan; managing administrators, Winfield Clifford, Michael Mazzara and Ethan Stanton, and VPs, Patrick Madigan and Andrew Posil, represented the sellers in finishing the transaction.
“This website gives the chance for mixed-use growth on the middle of downtown Brooklyn’s outstanding progress,” states Palmese. “The location advantages from proximity to considerable mass transit, highly effective space demographics and dynamic neighborhood facilities.”
For the transaction, JLL director, Jillian Mariutti offered financing steerage and SVP, Ryan Condren offered retail steerage.