
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.
- ◦Development