CompassRock Real Estate LLC Chosen to Manage Two Affordable Buildings at Pacific Park Brooklyn

Jul 13, 2015, 16:12 ET from CompassRock Real Estate LLC

NEW YORK, July 13, 2015 /PRNewswire/ -- Manhattan based property management company CompassRock Real Estate LLC announced today that it has been awarded management of two of the new rental residential developments within Pacific Park Brooklyn (formally known as Atlantic Yards) in Brooklyn, NY. The first of the new developments, 535 Carlton Avenue, is expected to open in the fall 2016, the second; 38 Sixth Avenue is expected to open in early 2017. Both buildings will be 100% affordable and will contain retail and commercial space.

"We are extremely excited to be working alongside such a well-respected partner as Greenland Forest City Partners. The entire CompassRock management team is looking forward to delivering the highest quality service for the owner of the buildings and future residents," said David Sorise, CompassRock's Chief Operating Officer.

The overall Pacific Park Brooklyn development will encompass approximately 22-acres between Flatbush and 4th Avenues to the west, Vanderbilt Avenue to the east, Atlantic Avenue to the north and Dean and Pacific Streets to the south. It will include 6,430 residential units, one million square feet of commercial space, 250,000 square feet of new retail stores and restaurants, and eight landscaped acres of publicly accessible open space when fully built.

About CompassRock Real Estate LLC

CompassRock Real Estate LLC is a full service real estate company providing property management, construction management, due diligence and other real estate related consulting services. CompassRock manages a nationwide portfolio of multifamily and commercial properties in the major markets across the United States. CompassRock's national operating platform is at the forefront of the real estate industry providing unparalleled service and results to our partners and clients.

For more information, please visit www.compassrock.com.

Contact: Jonathan Foux at jfoux@compassrock.com, (646)-351-1559

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SOURCE CompassRock Real Estate LLC



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