Welcome to the Era of the $1B Office Portfolio Sale...in Brooklyn
The Jehovah’s Witnesses are selling their portfolio of HQ buildings in Dumbo, Brooklyn. The asking price clocks in around $1B.
The religious organization will be moving to Warwick, NY, leaving several hundred thousand SF that could be used for office space or residential conversions. This sale would include the famous 25-30 Columbia Heights, the one with the giant Watchtower sign on the roof, the AP reports.