Bridge Development Partners Secures $441.7M Loan For Sunset Industrial Park In Brooklyn

Sunset Industrial Park, located at 50 20th Street in Brooklyn, has been involved in a recent closed transaction. This industrial property spans 1,774,638 square feet, providing ample space for various industrial activities. The transaction took place on November 24, 2021.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $441,660,000
• Address: Sunset Industrial Park, 50 20th Street, Brooklyn
• Market: Brooklyn
• Square Footage: 1,774,638

The loan for the transaction was secured from JP Morgan, a reputable lender. The landlords of Sunset Industrial Park are Steve Poulos and Tony Pricco, who represent Bridge Development Partners. The brokers involved in the deal are Grant Frankel, Gary Phillips, Steve Binswanger, and Adam Licari, who are affiliated with Eastdil Secured.

This closed transaction at Sunset Industrial Park showcases the collaboration between JP Morgan as the lender, Steve Poulos and Tony Pricco as the landlords representing Bridge Development Partners, and Grant Frankel, Gary Phillips, Steve Binswanger, and Adam Licari as the brokers from Eastdil Secured.