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New York & Tri-State  + Outer  + Retail  | 
CBRE Adds Leasing Team to Focus on Brooklyn and Outer Boroughs

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.”

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JLL's Palmese

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).

  • ◦Sale/Acquisition
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