Prologis Acquires Industrial Property In East Williamsburg For $27.5M

An industrial property located at 280 Johnson Avenue in East Williamsburg has been sold for a total of $27,500,000. The property spans 33,350 square feet, resulting in a price per square foot of $824. The transaction took place on December 7, 2021.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $27,500,000
• Address: 280 Johnson Avenue
• Market: East Williamsburg
• Square Feet: 33,350
• Price per Square Foot: $824

The buyer of the property is Prologis, a company specializing in industrial real estate. The deal was facilitated by brokers Ofer Cohen, Dan Marks, and Daniel Lebor from TerraCRG, as well as David Junik and Decio Baio from Pinnacle Realty Of New York.