The Real Deal New York

Gurals do first Brooklyn deal in 10 years

Family buys commercial building at 7 Bushwick Place for $12.5M

December 08, 2014 11:07AM

From left: 7 Bushwick Place and Jeffery Gural

From left: 7 Bushwick Place and Jeffrey Gural (Credit: STUDIO SCRIVO)

The Gural real estate family bought its first property in Brooklyn in 10 years.

The Gurals, together with New Jersey’s KABR Group and New York’s Twin Oaks Equity Partners, bought a 71,000-square-foot commercial building at 7 Bushwick Place for $12.5 million, according to the Wall Street Journal. The Gural family already controls roughly 8.5 million square feet of real estate, mostly in Manhattan.

Eric Gural and Brian Steinwurtzel led the acquisition of the Bushwick property, according to a spokeswoman. Jeffrey Gural, son of developer Aaron Gural, is the chair of Newmark Grubb Knight Frank.

Boerum development LLC sold the property, according to the newspaper.

Noodle manufacturer Twin Marquis Inc. leases the entire property and has about eight years left on its lease. [WSJ, 2nd] Claire Moses

 

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