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New York & Tri-State  + Outer  + Industrial  |  January 1, 2022
280 Johnson Avenue Brooklyn
Paul Bubny
By: Paul Bubny

Prologis Makes Buy in North Brooklyn Industrial Zone

TerraCRG and Pinnacle Realty arranged the $27,500,000 sale of an industrial property at 280 Johnson Ave. in Brooklyn’s East Williamsburg neighborhood.  The buyer was Prologis. 

Ofer Cohen, Dan Marks, and Daniel Lebor of TerraCRG represented Prologis. David Junik and Decio Baio of Pinnacle Realty represented seller Babureddy Mareddy. 

“This sale represents the continued strength of the Brooklyn industrial market, the most in-demand asset class over the past few years,” said Marks. “We are proud to have represented Prologis in another purchase in New York City.”     

Added Junik, “We continue to see confidence in the industrial market and especially in Bushwick due to the presence of Netflix that provides an opportunity for buyers to take advantage not just of the industrial market, but also of the creative/film/hi-tech market.” 

The property is located in the North Brooklyn Industrial Business Zone, providing easy access to Queens, Manhattan and the rest of Brooklyn. 

Read More News Stories About: Prologis
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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