Rockrose Development Acquires Development Site In Brooklyn Heights For $160M

The property involved in this transaction is a development site located at 180 Remsen Street in Brooklyn Heights. The property is owned by St Francis College and has been sold to Rockrose Development for a total sale price of $160,000,000. The property is situated in a prime location in the Brooklyn Heights market.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $160,000,000
• Address: 180 Remsen Street
• Market: Brooklyn Heights
• Buyer: Rockrose Development
• Seller: St Francis College

Cushman & Wakefield, represented by Daniel O'Brien, Adam Spies, Patrick Dugan, Frank Liantonio, and Caroline Hodes, facilitated this deal as the brokers. Their expertise and negotiation skills played a crucial role in the successful completion of this transaction. Rockrose Development saw the potential in this development site and made the decision to acquire it from St Francis College.