Report: Sunset Park transactions drive Brooklyn industrial real estate
The New York City industrial real estate market outside Manhattan showed “healthy growth” during the first quarter of 2022, according to Colliers, a global commercial real estate firm. And much of the activity in Brooklyn was centered around the Sunset Park area.
Colliers, a Toronto-based company, provides services to commercial real estate users, owners, investors and developers. It has more than 400 offices in 68 countries.
Among the “Select Q1 Sale Transactions” the company chose to highlight in its report was the sale of a building at 5112 Second Ave. for $85 million. The warehouse, which was acquired by a joint venture between O’Conner Capital Partners and CBRE Investment Management, was described as being fully leased at the time of sale.