Two Trees Management Acquires 240K SF Industrial Property In Brooklyn For $62M

The industrial property located at 1-37 12th Street in Brooklyn, New York has been sold in a closed transaction for $62,000,000. The property spans 240,000 square feet and has a price per square foot of $201.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $62,000,000
• Size: 240,000 sf
• Price per Square Foot: $201
• Address: 1-37 12th Street, Brooklyn, New York
• Market: Brooklyn

The seller of the property is Team Slope LLC, a joint venture between Meral Property Group and Joyland Group. The buyer in this transaction is Two Trees Management Company, represented by Jed Walentas. The deal was facilitated by brokers Ofer Cohen, Daniel Lebor, and Dan Marks.