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JLL Completes Sale of Brooklyn Site to Feil Organization
JLL Capital Markets completed the $32.5-million sale of 360-370 Fulton St., a commercial development site with up to 171,180 buildable square feet in Downtown Brooklyn’s high-traffic Fulton Mall shopping district. The firm represented the Modell Family and Weinstein Enterprises Inc. in the sale of the property to The Feil Organization.
The JLL Capital Markets team representing the seller included vice chairmen Stephen Palmese and Brendan Maddigan; managing directors Winfield Clifford, Michael Mazzara and Ethan Stanton; and VPs Patrick Madigan and Andrew Posil. Director Jillian Mariutti provided financing guidance, and SVP Ryan Condren provided retail guidance.
The site offers more than 104 feet of retail frontage positioned at the intersection of at Fulton and Jay streets.
“This site provides the opportunity for mixed-use development at the center of Downtown Brooklyn’s remarkable growth,” Palmese said. “The location benefits from proximity to abundant mass transit, powerful area demographics and dynamic neighborhood amenities.”
- ◦Sale/Acquisition
