60 Guilders, Davidson Kempner pay $128M to Brookfield for office condo in Downtown Brooklyn

60 Guilders and the hedge fund Davidson Kempner through the entity 12mtc Owner, LLC paid $128 million to Brookfield Property Partners through the entity 330 Jay Office Associates, LLC for the office condominium (CC) at 12 Metrotech Center also known as 330 Jay Street in Downtown Brooklyn, Brooklyn. In May, The Real Deal first reported the pending sale of the property, when it was put in contract. The contract date was April 28, 2021.
The deal closed on August 10, 2021 and was recorded on August 19, 2021.
The property has 146,777 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $872 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)

The signatory for Brookfield Property Partners was Robert Swennes.

The property is also known as 12 Metrotech Center. The Real Deal reported Cushman & Wakefield’s Adam Spies and Adam Doneger marketed the property for sale. The space is occupied by the city’s Administration for Children’s Services through a 2019 lease. Brookfield acquired the property through its purchase of Forest City Realty Trust in 2018.

Within a 400-foot radius of 330 Jay Street, PincusCo identified one commercial real estate item of interest that occurred over the past 24 months.
It was a loan in which Muss Development borrowed $26.6 million from MetLife secured by one condo unit in the 157,670-square-foot, five-unit mixed-use building (RC) on 350 Jay Street on July 30, 2021.

Direct link to Acris document. link