Bank OZK Provides $101.5M Construction Loan For Red Hook Industrial Property | Juan Gonzalez - RXR Realty

The industrial property located at 730 Court Street & 722 Court Street in Red Hook, Brooklyn, was involved in a recent transaction. The property has a total square footage of 17,357 and a building square footage of 294,500. The transaction took place on September 30, 2022. The asset is owned by RXR Realty, represented by Jason Barnett. The lender, Bank OZK, provided a construction loan for the transaction, with a loan amount of $101,500,000. Juan Gonzalez represented Bank OZK in the deal.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $101,500,000
• Address: 730 Court Street & 722 Court Street, Red Hook, Brooklyn
• Market: Red Hook, Brooklyn
• Asset Type: Industrial
• Building Square Footage (BSF): 294,500
• Total Square Footage (SF): 17,357

In this transaction, Jason Barnett represented RXR Realty as the landlord, and Juan Gonzalez represented Bank OZK as the lender. The loan provided by Bank OZK was a construction loan for the industrial property located at 730 Court Street & 722 Court Street in Red Hook, Brooklyn.