NEW YORK CITY-The Treeline Cos. has sold the former BrooklynSavings Bank building located at 205 Montague Street in Brooklynfor $33 million. The building measures 87,000 square feet and waspurchased by Midtown Equities.
The building was earlier acquired by Treeline in 1997 in apre-foreclosure sale for almost double the sale price. An officialfrom Treeline has said that the property was sold because the firmbelieved that it was offered a strong market price. For thefull story, go to Real Estate Finance &Investment.
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