Jeffrey Kaplan’s Meadow Partners through the entity Vandervoort Industrial Owner, LLC signed a contract with Lester Weiss’s Leswys Realty Corp. to buy 366 Frost Street and 353 Frost Street in East Williamsburg. The transaction consists of 2 parcels, including the tax class fireproof warehouse (E1). The parcel(s) have total development potential of 77,850 square feet.
The contract was signed February 27, 2020, and amended April 28. The closing is set for August 31, 2020. There is no purchase price disclosed in the memorandum of contract. Weiss’s company owns additional buildings adjacent to these two buildings, which are not part of the contract.