RedSky Capital has officially added another property to its massive Fulton Street development site.
The firm has purchased 571 Fulton Street in Downtown Brooklyn from Reliance Trust Company for $14.5 million, according to TerraCRG. The company’s team of Ofer Cohen, Dan Marks, Daniel Lebor and Mike Hernandez marketed the property for the sellers.
The site is part of a Downtown Brooklyn assemblage that RedSky, led by Ben Bernstein and Ben Stokes, has spent more than $100 million and four years putting together. It includes more than a dozen buildings on Fulton Street, along with a building at 396 Flatbush Avenue Extension.