Joey Schwebel Of Inditex And Gavriel Kahane Of Arkhouse Acquire Industrial Property For $13M

The asset involved in this transaction is an industrial property located at 255 Butler Street in Gowanus, Brooklyn. The property was acquired for a total sale price of $13,000,000 and encompasses a total square footage of 99,500, resulting in a price per square foot of $131.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,000,000
• Buyer: Joey Schwebel - Inditex & Gavriel Kahane - Arkhouse
• Seller: Benjamin Akkad & Nathan Akkad
• Loan Amount: $10,300,000
• Date of Sale: 01/08/2025

Joey Schwebel is the leading figure from Inditex, which operates several well-known apparel brands, while Gavriel Kahane represents Arkhouse, an investment firm that participated in the acquisition through Butler NY Owner LLC. This deal was part of a bankruptcy sale, showing the transactional dynamics at play in the Gowanus market.