Normandy taking $100M majority stake in Dumbo Heights building Invesco to be bought out of vacant property 175 Pearl at 1.2M BK complex
Rendering of Dumbo Heights (inset: Normandy Real Estate Partners David Welsh)
UPDATED, 7:05 p.m., March 30: Normandy Real Estate Partners is set to close Friday on the $100 million purchase of a majority stake in 175 Pearl Street at Dumbo Heights, The Real Deal has learned. The 204,000-square-foot property, which has remained vacant for over a year, is part of the complex being developed by Kushner Companies, RFR Realty and LIVWRK.
Normandy, a New Jersey-based real estate investment firm, will take the lead on redevelopment and leasing efforts at the eight-story property. Kushner Companies, LIV新上海贵族宝贝论坛