Realterm Logistics pays $28M to Manya Operating for warehouse in Brooklyn

Realterm Logistics through the entity RLIF East 4, LLC paid Manya Operating (formerly known as Kalex Chemical Products) $28 million for 209 Gardner Avenue in Brooklyn. The deal closed on October 19, 2020, and was recorded on November 6, 2020. The transaction consists of 1 parcel, including the tax class fireproof warehouse (E1). The property is 50,500 square feet. The parcel(s) have total development potential of 100,920 square feet.
The average sale price per square foot is $277.

The contract date was July 21, 2020. The signatory for the buyer was Stephen Panos of Realterm.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link