UPDATED, 4:25 p.m., May 11: Normandy Real Estate Partners, Royalton Capital and Sciame Development have teamed up to purchase a 160,000-square-foot industrial property in Bushwick with plans for a mixed-use development.
The three-acre site at 333 Johnson Avenue, previously the site of a slaughterhouse and later a printing press, will be Bushwick’s first mixed-use office, retail and restaurant complex, according to Normandy principal Paul Teti.
The joint venture purchased the site, which features eight interconnected buildings, for $26.75 million, according to the Wall Street Journal. Brooklyn brokerage TerraCRG represented the buyers. Sydney Blumstein, Justine Lee Mills and the Blumstein Team of Corcoran Group represented the seller, Richard Bart Realty.