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Brookfield Buys Amazon’s Red Hook Warehouse for $45M

Dov Hertz’s DH Property Holdings has sold a new Amazon distribution center at 55 Bay Street in Red Hook, Brooklyn, to Brookfield Properties for $45 million, two months after finishing construction, Commercial Observer has learned.

Brookfield’s spokespeople declined to comment on the transaction, but the real estate investment firm closed on the acquisition of the 99-year ground lease for the 85,000-square-foot warehouse on Thursday, according to DH Property.

Commercial Observer


Photo: JLL

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