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Prologis Buys 17-Acre Coney Island Site for $51M 

Prologis has acquired 2731 West 12th St., a nearly 17-acre undeveloped land parcel in Coney Island, Brooklyn., from National Grid for $51 million. The site, once a former manufactured gas plant, underwent environmental cleanup in 2008, and National Grid no longer uses it for operational purposes.  

The JLL Capital Markets team that arranged the transaction included Brendan Callahan, Gabrielle Harvey, Hall Oster and Ethan Stanton, Jordan Yarboro and Braedon Gait. Prologis was represented in-house. 

“It’s rare to have the opportunity to re-position such a large parcel of raw land inside of New York City, particularly in a location that is nearly equidistant to all major airports, Manhattan, Queens, Long Island and New Jersey,” said Oster. 

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Brendan Callahan

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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