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Lendlease Acquires Development Site In Greenpoint, Brooklyn For $110M

Property Image
SOLD
$110,000,000
Ethan Stanton
Brendan Maddigan
Winfield Clifford
+ 2

New York

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Development Site644,678 SF
Sold 10/06/2020
the dealplayerscompscontact
Property Image
SOLD

Lendlease Acquires Development Site In Greenpoint, Brooklyn For $110M

1 Java St, Brooklyn, NY 11222, USA

See Similar Deals
Development Site644,678 SF
Sold 10/06/2020
Ethan Stanton
Brendan Maddigan
Winfield Clifford
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$170
Total Square Footage:644,678 SF
Transaction Type:Sale

The development site located at 1 Java Street in Greenpoint, Brooklyn has been sold in a closed transaction for $110,000,000. The property, which falls under the R6/C2-4, R6, R8 zoning, was acquired by Lendlease. The sellers of the site were JZ Capital and RedSky Capital. Brendan Maddigan, Ethan Stanton, Stephen Palmese, Winfield Clifford, and Michael Mazzara from JLL represented the buyer and seller in the deal.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $110,000,000
  • Address: 1 Java Street
  • Market: Greenpoint, Brooklyn
  • Zoning: R6/C2-4, R6, R8

The involvement of Lendlease as the buyer marks a significant development in this transaction. The brokers from JLL, including Brendan Maddigan, Ethan Stanton, Stephen Palmese, Winfield Clifford, and Michael Mazzara, played a crucial role in facilitating the deal. Their expertise and negotiation skills contributed to the successful completion of this closed property transaction.

Players

Brendan Maddigan
JLL
Brendan Maddigan
125 deals$4.7B volume(508) 733-8445
BROKER
Ethan Stanton
JLL
Ethan Stanton
133 deals$6.1B volume(516) 790-7718
BROKER
Winfield Clifford
JLL
Winfield Clifford
75 deals$2.6B volume(212) 376-5443
BROKER
Michael Mazzara
JLL
Michael Mazzara
111 deals$3.9B volume(212) 376-5450
BROKER
Stephen Palmese
JLL
Stephen Palmese
84 deals$3.3B volume(212) 376-1228
BROKER
L
Lendlease
BUYER
RedSky Capital
RedSky Capital
SELLER
JC
JZ Capital
SELLER

Details

SOLD
IMAGE: IMAGE: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford DATE: 10/07/2020 ADDRESS: 1 Java Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Development Site ZONING: R6/C2-4, R6, R8 BUYER: @Lendlease SELLER: JZ Capital, RedSky Capital BROKERS: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Winfield Clifford, Michael Mazzara @JLL PRICE: $110,000,000 BSF: 644,678 ~ PPBSF: $170 […]

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