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NEW YORK CITY-A partnership led by Jamestown has acquired a 49.9% stake in Industry City, a six-million-square-foot complex of 16 industrial properties located on the Sunset Park waterfront in Brooklyn, Crain’s New York Business said Thursday afternoon. A Jamestown spokesman did not respond to GlobeSt.com’s requests for comment by deadline late Thursday afternoon; however, a source familiar with the proceedings confirmed that the transaction had taken place.

As reported on GlobeSt.com in August, a partnership that also included Angelo, Gordon & Co. and Belvedere Capital eyed the Industry City complex, formerly known as Bush Terminal, as a future hub for new-manufacturing industrial as well as office tenants. Crain’s reported that the deal, worth at least $150 million, gives the Jamestown partnership control over the complex, although Ruby Schron and the Fruchthandler family, who had previously been its sole owners of the complex, will continue to hold a 50.1% interest.

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