Prologis UK Acquires Industrial Property In East Williamsburg For $20.75M

The industrial property located at 498-524 Johnson Avenue in East Williamsburg has been sold. The property spans 55,000 square feet and has been purchased by @Prologis_UK – Hamid Moghadam for a sale price of $20,750,000. The building has a price per square foot of $377. The transaction was facilitated by brokers Ofer Cohen, Dan Marks, Daniel Lebor, and Garrett Allen from @terracrg.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,750,000
• Address: 498-524 Johnson Avenue
• Market: East Williamsburg

The seller of the property was Joyva Corp – The Radutzky Family. The buyer, @Prologis_UK – Hamid Moghadam, acquired the industrial asset at a price of $377 per square foot. The brokers involved in the deal were Ofer Cohen, Dan Marks, Daniel Lebor, and Garrett Allen from @terracrg.