CBRE IM acquires the Red Hook logistics in Brooklyn
CBRE IM acquires the Red Hook logistics in Brooklyn

CBRE IM acquires the Red Hook logistics in Brooklyn

The property stands in close proximity to Manhattan, Brooklyn and Queens, providing direct, rapid access to more than 13.5 million people.
RE+D magazine
04.07.2022

DH Property Holdings, LLC, a leading developer of urban infill industrial logistics facilities, and the Real Estate business within Goldman Sachs Asset Management (Goldman Sachs) have sold their interest in 640 Columbia Street, a three-story, 400,000-square-foot logistics facility in Red Hook, Brooklyn, to CBRE Investment Management.

DHPH developed 640 Columbia on spec and executed a long-term lease on the facility with a global, credit tenant. The property stands in close proximity to Manhattan, Brooklyn and Queens, providing direct, rapid access to more than 13.5 million people, the largest concentration of e-commerce consumers in the nation.

The facility sits on four acres and is the first multi-story logistics facility on the East Coast. 640 Columbia boasts best-in-class architecture and features ramp access to the loading docks on the second floor, as well as internal ramps connecting the three floors and a dedicated private elevator servicing the third floor.