EverWest Real Estate Investors Acquires Development Site in Staten Island for $30.6M

EverWest Real Estate Investors has acquired a development site in Staten Island for 30.6 million from Bridgewater Capital Partners. The property, located at 1 Nassau Place, spans 314,820 square feet and is priced at 97 per buildable square foot. The site is zoned for manufacturing and has the potential for a mixed-use development. The property is located in the Bloomfield neighborhood of Staten Island, which has seen an increase in development activity in recent years. The buyer, EverWest Real Estate Investors, is a real estate investment and operating company based in Denver, Colorado. The seller, Bridgewater Capital Partners, is a private equity firm based in New York City. The deal was brokered by Rick Stone, a senior managing director at Cushman & Wakefield. Stone has over 30 years of experience in commercial real estate and has completed over $10 billion in transactions throughout his career. The acquisition of this development site is in line with EverWest’s strategy of investing in high-growth markets with strong fundamentals. The Bloomfield neighborhood of Staten Island is poised for growth, with several large-scale development projects in the works. This acquisition gives EverWest a foothold in the market and positions them for future success.