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Lendlease Acquires Development Site In Greenpoint, Brooklyn For $110M

1 Java Street
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This Development Site property located in NY was sold for $110,000,000 over 3 years ago. The broker of the deal was Brendan Maddigan

The development site located at 1 Java Street in Greenpoint, Brooklyn has been sold in a closed transaction for $110,000,000. The property, which falls under the R6/C2-4, R6, R8 zoning, was acquired by Lendlease. The sellers of the site were JZ Capital and RedSky Capital. Brendan Maddigan, Ethan Stanton, Stephen Palmese, Winfield Clifford, and Michael Mazzara from JLL represented the buyer and seller in the deal.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $110,000,000
  • Address: 1 Java Street
  • Market: Greenpoint, Brooklyn
  • Zoning: R6/C2-4, R6, R8

The involvement of Lendlease as the buyer marks a significant development in this transaction. The brokers from JLL, including Brendan Maddigan, Ethan Stanton, Stephen Palmese, Winfield Clifford, and Michael Mazzara, played a crucial role in facilitating the deal. Their expertise and negotiation skills contributed to the successful completion of this closed property transaction.

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Deals
  • Location
    1 Java St, Brooklyn, NY 11222, USA1 Java St, Brooklyn, NY 11222, USA
  • Sale Price
    $110,000,000$110,000,000
    $170 PPSF$170 PPSF
  • Area
    644,678 SF644,678 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Brendan Maddigan

Brendan Maddigan

Deals80
Financed$2.7B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Deal Summary

SALE IMAGE: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford DATE: 10/07/2020 ADDRESS: 1 Java Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Development Site ZONING: R6/C2-4, R6, R8 BUYER: @Lendlease SELLER: JZ Capital, RedSky Capital BROKERS: Brendan Maddigan, Ethan Stanton, Stephen Palmese, Winfield Clifford, Michael Mazzara @JLL PRICE: $110,000,000 BSF: 644,678 ~ PPBSF: $170 […]

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