Mike Rafter, 29
Associate, Investment Sales, TerraCRG
A development site trading for $115 million is nothing to sneeze at. But when the deal takes place in Brooklyn — and, more specifically, in the largely industrial neighborhood of Gowanus — it becomes a much bigger thing.
“It was a neighborhood-changing kind of play,” said Mike Rafter, who was on the TerraCRG team that brokered the purchase of two parcels of land at 1-37 12th Street (the site of a former Pathmark) for $62 million and 118 Second Avenue (the home of a 400,000-square-foot Lowe’s) for Two Trees Management. (The seller of the Lowe’s was Forest City Ratner; Team Slope LLC sold the Pathmark.)
Read more here.