Sep
13
Hudson Cos. Plans Warehouse-to-Office Conversion in Brooklyn
ByA three-building industrial asset on Scholes Street will start fresh as a Class A office and retail complex.
314 Scholes St., Brooklyn
New York—HFF has arranged a $26.9 million acquisition and construction loan for 314 Scholes St. in Brooklyn, on behalf of The Hudson Cos.
The five-year, floating-rate loan was placed with M&T Bank, with proceeds being used to acquire the industrial asset and fund its repositioning into Class A creative office and retail space. The three-building, continuous industrial complex totaling 97,475 square feet will be redesigned by S9 Architects. An HFF debt placement team led by Managing Director Christopher Peck and Analyst Rory Shepard represented the borrower in the transaction…
Hudson Cos. Plans Warehouse-to-Office Conversion in Brooklyn
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