New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

New York & Tri-State  + New York  + Office  | 

Brooklyn Jehovah’s Witness HQ Sells for $300M

CIM Group, Kushner Cos. and LIVWRK banded together to acquire the 739,000-square-foot Brooklyn headquarters of the Jehovah’s Witnesses. Watchtower Real Estate sold the building for $300 million.

The partnership’s plans call for renovating the asset at 25-30 Columbia Heights and 55 Furman St. into office space. According to Kushner Cos. CEO Jared Kushner, conversion work will start within the next year.

This marks the first time that the three companies have partnered on a project, though Kushner Cos. partnered with CIM Group on repositioning 2 Rector St. and 200 Lafayette St., both in Manhattan. Kushner Cos. has also partnered with LIVWRK and RFR to acquire the nearby Dumbo Heights campus, and is now converting the 1-million-square-foot property into a creative office complex.

For comments, questions or concerns, please contact Amy Sorter

Connect

Inside The Story

Read More at Real Estate WeeklyConnect with Kushner Cos.

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Development
  • ◦Sale/Acquisition
NAIOP-11-cube
CRETech-01-cube
New call-to-action