JLL Markets Development Site in Brooklyn’s Fulton Mall District
JLL Capital Markets has been retained to market for sale 360-370 Fulton Street, a 171,180-buildable-square-foot commercial development site in Downtown Brooklyn’s Fulton Mall shopping district. Vice chairmen Stephen Palmese and Brendan Maddigan, managing directors Winfield Clifford, Michael Mazzara and Ethan Stanton; VP Patrick Madigan; and chairman Bob Knakal are handling the assignment.
The 360-370 Fulton St. development site has flexible zoning that allows for a full-scale 171,180-square-foot mixed-use building. A combined footprint of 14,265 square-feet presents the opportunity for a highly visible retail and residential destination.
“This property is centrally located amid extraordinary residential development and a growing number of Downtown Brooklyn’s office, hotel and retail developments,” Palmese said. “These developments will have an estimated $11 billion in economic impact, creating significantly increased demand for new housing, amenities, workspaces and retail.”
JLL director Jillian Mariutti will provide financing guidance, and SVP Ryan Condren will provide the retail guidance.
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).