Castell Group Acquires Development Site From TC Son Corporation & Drew Lontos For $25.15M

The development site located at 1029 Dean Street & 1104 Pacific Street in Brooklyn has been sold for a total of $25,150,000. The property spans 115,000 square feet, resulting in a price per square foot of $219.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $25,150,000
• Address: 1029 Dean Street & 1104 Pacific Street
• Market: Brooklyn
• BSF: 115,000
• PPBSF: $219
• Buyer: Castell Group
• Seller: TC Son Corporation & Drew Lontos
• Brokers: Michael Mazzara, Brendan Maddigan & Ethan Stanton - JLL

The transaction involved key players, including the buyer Castell Group and the sellers TC Son Corporation and Drew Lontos. The brokerage team representing the deal consisted of Michael Mazzara, Brendan Maddigan, and Ethan Stanton from JLL, facilitating the sale process for both parties.