Former St. Francis College Brooklyn Campus Trades for $160M

An affiliate of Rockrose Development [BK Acquisition Three LLC] has purchased the 5-building assemblage at 180 Remsen Street for $160 million. Located on Remsen and Joralemon Streets, between Court and Clinton Streets, the property served as the Brooklyn Heights campus for St. Francis College between 1960 and 2022, until the college decided to relocate to an approximately 255,000-square-foot space at The Wheeler, 422 Fulton Street in Downtown Brooklyn according to press at the time. Development plans have yet to be announced for the site that can accommodate 500,000 buildable square feet as-of-right; and is also eligible for a 100,000-square-foot inclusionary housing bonus.