TerraCRG has put 238 Conover St., a commercial/industrial property in Red Hook, Brooklyn, into contract. Partners Dan Marks and Daniel Lebor are marketing the property alongside senior associate Jackson O’Neill.
“After conducting a custom, thorough and controlled marketing process, we are proud to announce that 238 Conover St. is now in contract,” said Marks. “The Brooklyn industrial market continues to be fueled by lack of supply and ongoing, strong investor demand. We will share further details of the deal once the transaction closes.”
The 17,900-square-foot two-story property sits on a 12,800-square-foot lot located at the corner of Conover and Van Dyke Streets with 12,800 square feet of grade-level space and 5,100 square feet on the second floor. Positioned in the southwest corner of Red Hook, the property has available air rights allowing the development of up to 7,700 square feet.
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).