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GIC Acquires Retail Property In Williamsburg From JP Morgan For $145M

Property Image
SOLD
$145,000,000
Ariel Schuster
Brett Siegel
Dustin Stolly
+ 2

New York

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Retail123,000 SF
Sold 09/01/2021
the dealplayerscompscontact
Property Image
SOLD

GIC Acquires Retail Property In Williamsburg From JP Morgan For $145M

92 N 6th St, Williamsburg, Brooklyn, NY, USA

See Similar Deals
Retail123,000 SF
Sold 09/01/2021
Ariel Schuster
Brett Siegel
Dustin Stolly
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,178
Total Square Footage:123,000 SF
Transaction Type:Sale

JPMorgan has sold a portfolio of retail assets in Williamsburg for $145 million. The properties are located at 92, 102, 108, 110, 112, 124, and 134 North 6th St., as well as 132, 184, 186, 188, 190, 192, and 204 Bedford Ave. Spanning a total of 123,000 square feet, this retail portfolio transaction was completed on January 9, 2021. The buyer of these properties was GIC, while Newmark brokers Ariel Schuster, Brett Siegel, Evan Layne, Dustin Stolly, and Jordan Roeschlaub represented both the seller and buyer in the deal.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $145,000,000
  • Square Footage: 123,000
  • Market: Williamsburg

The portfolio sale involved key individuals such as Evan Layne, Dustin Stolly, Jamie Dimon, Jordan Roeschlaub, and Brett Siegel, who were present in the image shared on Instagram. It is noteworthy that JP Morgan was the seller, while GIC took on the role of the buyer in this senior loan sale.

Players

Brett Siegel
Newmark
Brett Siegel
75 deals$6.4B volume(212) 372-0798
BROKER
Dustin Stolly
Walker & Dunlop
Dustin Stolly
264 deals$49.1B volume
BROKER
Dustin Stolly
Walker & Dunlop
Dustin Stolly
264 deals$49.1B volume
BROKER
Evan Layne
Newmark
Evan Layne
33 deals$4.5B volume(212) 372-2390
BROKER
Ariel Schuster
Newmark
Ariel Schuster
27 deals$461.2M volume
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
321 deals$96.2B volume
BROKER
G
GIC
BUYER
J.P. Morgan Chase
J.P. Morgan Chase
SELLER
J.P. Morgan Chase
J.P. Morgan Chase
LENDER

Details

SOLD
IMAGE: LOAN SALE - Part 2️⃣ IMAGE: Evan Layne, Dustin Stolly, Jamie Dimon, Jordan Roeschlaub & Brett Siegel DATE: 01/09/2021 ADDRESS: 92, 102, 108, 110, 112, 124 & 134 North 6th St.; 132, 184, 186, 188, 190, 192 & 204 Bedford Ave. MARKET: Williamsburg ASSET TYPE: Retail SELLER: JP Morgan BUYER: GIC BROKERS: Ariel Schuster, Brett Siegel, Evan Layne, Dustin Stolly & Jordan Roeschlaub - Newmark AMOUNT: $145,000,000 ~ SF: 123,000

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