Bungalow Projects and Bain Capital Real Estate Expand Production Studio Portfolio with Acquisition of Red Hook Property for $34 Million
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星期一, 四月 29, 2024
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Bungalow Projects, a real estate development firm focused on creating production hubs for episodic, film, and digital content creation, and Bain Capital Real Estate (“Bain Capital”) today announced the expansion of their production studio portfolio with the acquisition of 145 Wolcott Street in the Red Hook neighborhood of Brooklyn, NY for $34 million.
Key Points:
- Bungalow Projects, a real estate development firm focused on creating production hubs for episodic, film, and digital content creation, and Bain Capital Real Estate (“Bain Capital”) today announced the expansion of their production studio portfolio with the acquisition of 145 Wolcott Street in the Red Hook neighborhood of Brooklyn, NY for $34 million.
- When completed, Bungalow Projects’ current portfolio will include ten soundstages and represent approximately 555,000 square feet.
- Bungalow Projects and Bain Capital formed a partnership focused on investing in and developing sustainable and cutting-edge production hubs in New York City.
- Bain Capital is developing approximately 1.4 million square feet of purpose-built content creation space in Los Angeles with its local partner BARDAS Investment Group.