Acquisition of 42,000 SF Maker/Creative Flex, Brooklyn

Deal value: $11,340,000

Acquisition of a 42,000 SF creative flex building in Brooklyn, NY, with 30% office, 70% light industrial, targeting maker and creative tenants.

The core motivation is to capitalize on the rising demand for flexible, creative workspaces in Brooklyn, driven by the growth of maker, artisan, and creative industries seeking hybrid office/light industrial environments. The investment targets a niche underserved by traditional office or industrial assets, aiming to capture premium rents and stable occupancy from tenants valuing adaptability and location. The timing reflects post-pandemic shifts toward flexible, non-traditional workspaces and the ongoing revitalization of Brooklyn’s creative economy.