France Avenue Business Park I, a Brooklyn Center warehouse property, has changed ownership in a $21 million buy-out from a previous Los Angeles-based investment group. The property, located at 4837 Azelia Avenue North, is part of a larger industrial portfolio shared between Eagle Realty and Capital Partners. The sale was finalized between the buyer, Eagle Realty Group represented by Paul Silva, and the seller, PCCP represented by Brian Haber.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $21,000,000
• Date: 10/23/2023
• Address: 4837 Azelia Avenue North
• Market: Brooklyn Center

The buyer, Eagle Realty Group, was represented by Paul Silva in the transaction. Capital Partners, represented by Peter Mork, also played a part in the purchase. The seller, PCCP, had Brian Haber as their representative. The property transfer marks a significant change in ownership for France Avenue Business Park I, moving away from its previous co-owners and into the hands of Eagle Realty Group and Capital Partners.