CBRE Investment Management Acquires Industrial Asset In East New York For $230M

The industrial property located at 12555 & 12595 Flatlands Avenue in East New York was recently sold. The transaction took place on 04/06/2022 and the buyer was CBRE Investment Management. The seller of the property was Wildflower, represented by Adam Gordon. The deal was facilitated by brokers Doug Middleton and Brian Fiumara from CBRE. The property has a total square footage of 211,000, and the sale price amounted to $230,000,000, resulting in a price per square foot of $1,090. The tenant of the property is Amazon.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $230,000,000
• Date: 04/06/2022
• Address: 12555 & 12595 Flatlands Avenue
• Market: East New York
• Buyer: CBRE Investment Management
• Seller: Wildflower - Adam Gordon
• Brokers: Doug Middleton & Brian Fiumara - CBRE
• Tenant: Amazon
• Square Footage: 211,000
• Price Per Square Foot: $1,090

The successful sale of this industrial property highlights the involvement of key individuals and companies. CBRE Investment Management acted as the buyer, while Wildflower, represented by Adam Gordon, served as the seller. The transaction was made possible through the efforts of brokers Doug Middleton and Brian Fiumara from CBRE. It is worth noting that the property is currently occupied by Amazon, adding further significance to the deal.