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Brookfield Properties Acquires Industrial Property In Red Hook With Tenant Amazon Fresh

55 Bay Street
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This Industrial property located in NY was sold for $45,000,000 over 2 years ago. The brokers of the deal were Jeremy Liebler, Leslie Lanne, and Robert (Rob) Kossar

Brookfield Properties has acquired a industrial property located at 55 Bay Street in Red Hook. The property, with a total square footage of 88,000, was sold by DH Property Holdings for a price of $45,000,000. With a price per square foot of $511, this sale demonstrates the value of the asset in the market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $45,000,000
  • Tenant: AmazonFresh
  • Date: 11/2021
  • Buyer: Brookfield Properties
  • Seller: DH Property Holdings
  • Brokers: Rob Kossar, Leslie Lanne & Jeremy Liebler LL

The acquisition was finalized in November 2021, involving key individuals such as Dov Hertz, Jeff Bezos, Bruce Flatt, and Brian Kingston. Rob Kossar, Leslie Lanne, and Jeremy Liebler LL represented the buyer, Brookfield Properties, in this transaction. This purchase further strengthens Brookfield Properties' portfolio in the industrial market.

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Deals
  • Location
    55 Bay Street, Red Hook, Brooklyn, NY, USA55 Bay Street, Red Hook, Brooklyn, NY, USA
  • Sale Price
    $45,000,000$45,000,000
    $511 PPSF$511 PPSF
  • Area
    88,000 SF88,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Jeremy Liebler

Jeremy Liebler

Deals2
Sold$45M

Robert (Rob) Kossar

Robert (Rob) Kossar

Deals6
Sold$584.4M

Leslie Lanne

Leslie Lanne

Deals5
Sold$355M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

Social

Deal Summary

SALE IMAGE: Dov Hertz, @JeffBezos, Bruce Flatt & Brian Kingston DATE: 11/2021 ADDRESS: 55 Bay Street MARKET: Red Hook ASSET TYPE: Industrial ~ TENANT: @AmazonFresh BUYER: @BrookfieldProperties SELLER: DH Property Holdings BROKER: Rob Kossar, Leslie Lanne & Jeremy Liebler - @JLL SALE PRICE: $45,000,000 SF: 88,000 ~ PPSF: $511

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