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March 28, 2018  

Brooklyn Industrial Parcel Available

A development site is in play in Brooklyn’s Red Hook section.Thor Equities is listening to offers for the 10.5-acre parcel, at 280 Richards Street, which could accommodate nearly 1 million square feet of commercial development. A likely strategy would be to develop a “last-mile” distribution center, to exploit the strong leasing demand for such properties in urban areas.Bids could reach $110 million. New York-based Thor, led by...

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