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Red Hook Commercial Property Sold for $30M
San Francisco-based Terreno Realty Corporation has acquired 185 Van Dyke St., a multi-tenant, two-story commercial property located on the Red Hook waterfront in Brooklyn for $27.5 million from Lande Alexander Properties.
JLL represented both the seller and the buyer with a team of Michael Mazzara, Bob Knakal, Stephen Palmese and Brendan Maddigan, Hall Oster, Jonathan Hageman, Ethan Stanton and Winfield Clifford, and Connor McCullough. Dan Morici of JLL represented the purchaser.
Originally built in the late 1800s by Col. Daniel Richards, 185 Van Dyke St. was part of an assemblage of buildings formerly known as Merchant Stores. It was later converted into a multi-faceted, multi-tenant commercial property. Currently approximately 70 percent occupied, notable tenants include the highly popular Strong Rope Brewery and Steve’s Authentic Key Lime Pie.
- ◦Sale/Acquisition
