RedSky Capital's Williamsburg Retail Portfolio Sold For $232M With BlackRock And L3 Capital Financing

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

$232,000,000

$1,886/SF

Building Size

123,000 SF

Asset Type

Retail

Closing

Jan 8, 2021

AI

The retail property located at 92, 102, 108, 110, 112, 124 & 134 North 6th St.; 132, 184, 186, 188, 190, 192 & 204 Bedford Ave. in Williamsburg has been involved in a recent mezzanine loan sale. The transaction took place on January 9, 2021.

Summary of transaction details

Property Type: Retail
Transaction Amount: $232,000,000
Square Footage: 123,000 SF
Lender: BlackRock & L3 Capital
Landlord: RedSky Capital - Benjamin Bernstein & Benjamin Stokes
BROKERS: Ariel Schuster, Brett Siegel, Evan Layne, Dustin Stolly & Jordan Roeschlaub - Newmark

The mezzanine loan sale was facilitated by brokers Ariel Schuster, Brett Siegel, Evan Layne, Dustin Stolly, and Jordan Roeschlaub from Newmark. The property is owned by RedSky Capital, headed by Benjamin Bernstein and Benjamin Stokes. The lenders involved in the transaction were BlackRock and L3 Capital.

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