(55 Prospect Street on the near left, 117 Adams Street on the near right, 81 Prospect Street on the far left, 77 Sands Street on the far right)
Real estate investment firm RFR and Kushner Companies today announced that they have entered into a contract to acquire six properties in Brooklyn from the Watchtower Bible and Tract Society for $375 million. According to the press release (July 8, 2013), Jared Kushner (of Kushner Companies), Aby Rosen (of RFR), and Asher Abehsera (a former Two Trees Management Company executive) teamed up to purchase the portfolio of buildings which total 1.2 million square feet of commercial space. The buildings include:
- 117 Adams Street
- 175 Pearl Street
- 55 Prospect Street
- 81 Prospect Street
- 77 Sands Street
- 90 Sands Street
These buildings are included as part of the Brooklyn Tech Triangle master plan and could be key buildings in the development of the plan for creating appropriate commercial space and connectors between Dumbo, Navy Yards, and Downtown Brooklyn.
90 Sands Street is a 30 story, 500+ room residential building will be turned over vacant at closing in September, according to a NY Post story.
According to the Post, the Jehovah’s Witnesses moved their headquarters to Brooklyn in 1909. As part of their plans to move to Warwick, NY, they have been selling off a 34-building portfolio, including lots in Dumbo at 173 and 177 Front Street as well as 200 Water Street in April 2013.
(175 Pearl Street)
(90 Sands Street, Photo by a.pitch)
Related:
{The Watchtower Moving Some Operations from Brooklyn, 26Mar2009}
{Watchtower Properties in Dumbo?, 29Sept2011}
{Jehovah’s Witness Buildings Could Offset Brooklyn Bridge Park Costs, 08Oct2010}
Source: Dumbo NYC
http://feedproxy.google.com/~r/DumboNyc/~3/zlCNVc-KU9I/