Blake Baird Of Terreno Realty Acquires Amazon-leased Industrial Warehouse From Thor Equities For $157M

The transaction involves an industrial property located at 280 Richards Street in Brooklyn. The asset has a sale price of $157,000,000 and encompasses approximately 312,000 square feet, resulting in a price per square foot of $503.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $157,000,000
• Buyer: Blake Baird - Terreno Realty
• Seller: Joseph & Jack Sitt - Thor Equities
• Brokers: Adam Doneger & Adam Spies - Newmark
• Market: Brooklyn
• Assumed Mortgage: $73,000,000 at 3.85% interest

This transaction includes key individuals such as Jeff Bezos, who is associated with the property through Amazon's lease. Adam Spies and Adam Doneger represent Newmark in the deal, facilitating the transaction between Terreno Realty and Thor Equities.