Hampshire asking $50M for two Sunset Park warehouses

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

TRD New York /
Sep.September 29, 2015 04:35 PM

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


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

From left: Sam Chang, 52 William Street and New York Hotel & Motel Trades Council's Peter Ward (Credit: Google Maps)

Multi-million-dollar suit against Sam Chang tied to hotel union drama

15 East 90th Street (Credit: Google Maps)

Lonely townhouse finds a match after years on market

From left: Jeff Cohn and Gary Keller

Gary Keller walks into Berkshire Hathaway’s back yard and takes its top team

RedSky’s Ben Bernstein and 182 Flatbush Ave (Credit: Google Maps)

RedSky sells building across from Barclays Center as partner liquidates holdings

Toll Brothers CEO Doug Yearley and 77 Charlton (Credit: iStock)

Toll’s profits plunge 20% amid housing slowdown

arrow_forward_ios