February 16, 2016

Brooklyn’s `Once in a Lifetime’ Deal Said to Draw Top Investors

Vornado Realty Trust, one of the biggest owners of Manhattan office towers, and Silverstein Properties Inc. are among potential bidders for real estate offered by the Jehovah’s Witnesses in an area of Brooklyn that’s in high demand by developers.

“The market as a whole is looking at this transaction as a once-in-a-lifetime opportunity,” said Ofer Cohen, president of TerraCRG, a Brooklyn-based commercial-property brokerage. The headquarters, a five-building complex near the Brooklyn Bridge’s exit ramp, would give a buyer control over a rare large office vacancy in the “very best part of Brooklyn,” he said. “Every Manhattan office player is going to bid on this asset.”

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