Art storage company closes on Bushwick site for $47M

Steven Guttman’s Uovo has purchased 105 Evergreen Avenue

TRD New York /
Dec.December 20, 2018 05:15 PM

105 Evergreen Avenue and Steven Guttman (Credit: iStock and Uovo)

Steven Guttman’s art storage company Uovo has closed on its purchase of a storage facility in Bushwick for $47 million.

Uovo has purchased 105 Evergreen Avenue in an off-market deal brokered by Kassin Sabbagh Realty, the real estate firm announced on Thursday. Uovo, which means “egg” in Italian, plans to open its new storage facility in the fall of 2019, and the project is expected to cost $76 million in total.

The site is home to a two-story warehouse spanning 150,000 square feet. Uovo will renovate the building to specifically suit the needs of art, design, fashion and archival collections, and the site will feature a full-time staff of expert art handlers to help clients.

This will be the fourth location for Uovo. Their flagship facility spans 280,000 square feet at 41-54 22nd Street in Long Island City, and they have two locations in Rockland County as well.

A KSR team of Dan Myers, Steven Pollan and Rachael Brook brokered the deal.


Related Articles

arrow_forward_ios

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

871 Bushwick Avenue in Brooklyn (Credit: Google Maps)

Joseph Brunner lands $130M refi for massive Bushwick rental building

arrow_forward_ios