Jehovah's Witnesses Net $375M In Brooklyn Portfolio Sale

Law360, New York (July 8, 2013, 2:23 PM EDT) -- RFR Holding LLC and The Kushner Cos. have agreed to buy six Brooklyn commercial properties from Watchtower Bible & Tract Society of New York Inc. for $375 million, the companies announced Monday.

RFR and Kushner, two of the city's most prolific real estate developers, said they plan to partner with LIVWRK Holdings to reposition the properties as tech-friendly office spaces.

“These properties feature large, creative office space right in the heart of the growing Brooklyn tech triangle,” Jared Kushner, CEO of Kushner Cos., said in a...
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