L+M Development Partners, the developer behind Williamsburg’s Northside Piers, has purchased a 40,000-square-foot warehouse just across the street from the mammoth 450-unit residential project.
The development firm, which partnered with Toll Brothers, City Living and RD Management on Northside Piers, paid $19.98 million for the commercially zoned property at 149 Kent Avenue on the corner of North 5th Street. It was previously owned by WB Acquisition, a company headed by Alan Henick, CEO of a Brooklyn rug company. The deal for the warehouse closed July 31, according to public records filed with the city. [more]