Terreno Realty Corporation Acquires Industrial Property In Red Hook, Brooklyn For $27.5M

The industrial property located at 185 Van Dyke Street in Red Hook, Brooklyn, has been sold in a transaction. The property spans 111,265 square feet and was sold for a price of $27,500,000, resulting in a price per square foot of $247.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $27,500,000
• SF: 111,265
• PPSF: $247
• Address: 185 Van Dyke Street, Red Hook, Brooklyn

Terreno Realty Corporation has acquired the property from Lande Alexander Inc. The sale was facilitated by a group of brokers from JLL, including Michael Mazzara, Robert Knakal, Hall Oster, Jonathan Hageman, Stephen Palmese, Brendan Maddigan, Ethan Stanton, Winfield Clifford, Daniel Morici, and Connor McCullough.