US·Acquisition·Mixed Use
Gindi Capital buys Downtown Brooklyn office and retail assets back from PIMCO for $70M
Value
$70M
Location
Brooklyn, Kings County, New York
Date
2026-04-09
Companies
Gindi Capital, PIMCO Prime Real Estate, Athene Annuity and Life Company
The transaction included a $40M deed purchase of the 163,000 SF office building at 25 Elm Place plus a $15M leasehold acquisition, and a $15M purchase of commercial condo units at 486-496 Fulton Street. The assets are part of the same complex in Downtown Brooklyn.
downtown-brooklynofficeretailacquisition-financing
Source
The Real Deal