The Kushner Companies and RFR finalized their purchases of the Jehovah’s Witnesses buildings in Dumbo on Oct. 2nd, according to The Brooklyn Daily Eagle. Jared Kushner, the eponymous CEO, said that the five buildings formerly held by the church “could really be the epicenter for all of the change that is occurring in Brooklyn.”
Technologists may recognize Kushner’s name as the person running WiredNYC, the Bloomberg initiative meant to rank buildings for their internet connectivity. Scores are posted on the initiative’s website.
On the property deal:
The two firms paid a hefty $375 million for the five properties plus a hotel at 90 Sands St. that the Witnesses will continue to use until 2017 – a total of 1.2 million square feet of commercial space. The industrial buildings the Manhattan developers plan to transform into techie havens are 117 Adams St., 175 Pearl St., 55 Prospect St., 81 Prospect St. and 77 Sands St.
The church still has considerable real estate holdings in the borough.