Dov Hertz in contract to buy massive dev site in Sunset Park. Here’s what he’s planning.

By Adam Pincus, July 25, 2018

Dov Hertz in contract to buy massive dev site in Sunset Park. Here’s what he’s planning.

18-acre plot comes with 1.6M buildable sf, was asking $300M: sources

Dov Hertz is placing another huge bet on the value of the Brooklyn waterfront and rise of e-commerce.

In partnership with Bridge Development Partners, the developer signed a contract this month to buy the 18-acre Sunset Industrial Park that had an asking price of roughly $300 million, sources told The Real Deal.

The parcel, with multiple addresses including 75-81 20th Street, has approximately 1.6 million square feet of buildable zoning rights, sources said.

A spokesperson for owner 601W Companies confirmed there was a deal to sell the site to Hertz’s company DH Property, but would not comment further. DH Property declined to comment.

For full article, visit https://therealdeal.com/

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