Prologis, a leading real estate investment company, has recently acquired 2731 West 12th St., a prime undeveloped land parcel spanning nearly 17 acres in the bustling neighborhood of Coney Island, Brooklyn. The property was purchased from National Grid for $51 million and has undergone extensive environmental cleanup since its days as a former manufactured gas plant. With National Grid no longer utilizing the site for operational purposes, Prologis saw an opportunity to invest in this valuable piece of land.
The transaction was facilitated by the expert JLL Capital Markets team consisting of Brendan Callahan, Gabrielle Harvey, Hall Oster and Ethan Stanton along with Jordan Yarboro and Braedon Gait. Prologis had representation from their own internal team.
According to Oster who led the deal on behalf of JLL Capital Markets team,”It is not often that such a large plot of raw land becomes available within New York City’s limits. This location offers easy access to major airports as well as Manhattan, Queens Long Island and New Jersey.”
