The Real Deal New York

Hampshire asking $50M for two Sunset Park warehouses

New Jersey firm seeking $50M for adjacent Brooklyn industrial properties

September 29, 2015 04:35PM

James Hanson

341 and 353 39th Street in Sunset Park(inset: Hampshire Companies’ James Hanson)

Hampshire Companies is looking to sell a pair of adjacent Brooklyn warehouses, located just a stone’s throw from Industry City in Sunset Park.

The Morristown, N.J.-based real estate investment firm is marketing the Brooklyn properties at 341 and 353 39th Street as potential office conversions or even residential units if rezoning is approved. The buildings total about 160,000 square feet, according to Crain’s, and they’re on the market for about $50 million.

Hampshire, which has a portfolio spanning over 250 properties, mostly makes noise in New Jersey. It bought a 28-property portfolio in Northern New Jersey in 2014 for $100 million, and sold two large warehouses spaces in the Garden State earlier this year.

Bob Knakal of Cushman & Wakefield will broker the sale of the Sunset Park warehouses, which are located two blocks from Industry City. [Crain’s]James Kleimann