Brooklyn’s `Once in a Lifetime’ Deal Said to Draw Top Investors

  • Vornado, Silverstein seen among properties’ potential bidders
  • Jehovah’s Witnesses selling offices, dorm, development site

Vornado Realty Trust, one of the biggest owners of Manhattan office towers, and Silverstein Properties Inc. are among potential bidders for real estate offered by the Jehovah’s Witnesses in an area of Brooklyn that’s in high demand by developers.

The companies have expressed interest in at least one of three properties for sale, including the Brooklyn Heights complex that’s been the religious movement’s headquarters for almost half a century, according to people with knowledge of the matter, who asked not to be named because the process is private. Other potential bidders include L&L Holding Co. and Taconic Investment Partners, both pioneering developers in Manhattan’s technology-heavy midtown south office district, as well as smaller companies such as Megalith Capital Management and Alloy Development, the people said…

Brooklyn’s `Once in a Lifetime’ Deal Said to Draw Top Investors


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