Prologis UK Acquires Industrial Property In East Williamsburg For $20.75M
498-524 Johnson Avenue
55,000 SF
Summary
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.
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