Property is part of the Forest City deal
Brookfield Asset Management has secured $89.1 million in financing from Deutsche Bank for 330 Jay Street. The office property is part of the company’s 16-acre MetroTech Center in Downtown Brooklyn.
Building details: The building spans 1.1 million SF, and was part of the Forest City deal that closed last month. Kings County Family Court anchors the property and occupies 872,000 SF.
Worth Noting: The $11.4 billion deal between Forest City and Brookfield included 84 properties, and reportedly traded at a 4.75 cap, according to CoStar.