HFF represents Fortis Property Group, LLC and Joy Construction Corporation in the sale of Atelier Williamsburg in Brooklyn
NEW YORK, NY – March 31, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it represented Fortis Property Group, LLC and Joy Construction Corporation in the sale of Atelier Williamsburg, a newly-developed, 120-unit, six-story residential property in the Williamsburg neighborhood of Brooklyn, New York.
Atelier Williamsburg is located at 239-261 North 9th Street equidistant to the Lorimer and Bedford Avenue subway stations in Williamsburg. Additionally, the property is within walking distance of McCarren Park and the East River Waterfront as well as numerous highly-rated restaurants. Completed in 2015, the property has studio, one- and two-bedroom rental units each with top-of-the-line finishes, such as stainless steel appliances, 10-foot ceilings, hardwood floors, soaking bathtubs and oversized washer/dryers in all units. Other property amenities include a 24-hour doorman; rooftop deck with barbecues and skyline views; resident lounge with billiards table and entertaining kitchen; landscaped courtyard; and state-of-the-art fitness center.
The HFF investment sales team representing the seller was led by senior managing director Andrew Scandalios and managing directors Jeff Julien and Rob Hinckley.
About Fortis Property Group, LLC
Fortis Property Group, LLC is a private real estate investment, operating, management and development company headquartered in Brooklyn, New York. Since 2005, Fortis has acquired and/or developed in excess of $3 billion of commercial real estate totaling more than eight million square feet throughout the United States. The company focuses primarily on Class A office and multifamily (rental and condo) residential properties with one-off investments in other asset classes such as retail and industrial.
About Joy Construction Corporation
Joy Construction Corporation (Joy) is a full service general contracting and development firm primarily focused on multifamily and commercial projects throughout New York City. Joy was formed in 1995 and has built and or developed over 70 buildings in New York, including approximately 6,500 multifamily units.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.