Brooklyn Nets Size Up Potential Practice Sites in Red Hook

By Alan Neuhauser on September 10, 2012 8:33am | Updated on September 10, 2012 8:35am

Brooklyn Nets management and members of Cushman & Wakefield Realty visited this school bus depot in Red Hook, a possible site for a team practice facility, sources said.
Brooklyn Nets management and members of Cushman & Wakefield Realty visited this school bus depot in Red Hook, a possible site for a team practice facility, sources said.
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DNAinfo/Alan Neuhauser

RED HOOK — The NBA's Brooklyn Nets are eyeing two waterfront sites in Red Hook for new practice facilities and offices closer to the team's new Barclay's Center in Boerum Hill, a realty source and Crain's said.

On Saturday, Aug. 31, Nets management and members of Cushman & Wakefield Realty toured the former Revere Sugar Refinery at 280 Richards St., a 660,000-square-foot property between Ikea and Fairway that's owned by developer Joe Sitt, a source at Red Hook-based Realty Collective said. Sitt's company, Thor Equities, bought the site in 2008 for roughly $24 million, Crain's reported.

Nets management also visited a 110,000-square-foot bus depot at 62-64 Ferris St., the Realty Collective source said. Realty Collective is the exclusive broker for that property, which is valued at about $22 million.

The Nets did not return calls for comment. A Cushman & Wakefield spokesman said he was familiar with the team's search for a practice site, but declined to comment without Nets authorization.

Both sites in Red Hook are about three miles from the Barclay's Center. The Nets currently practice in their former home at the Izod Center in East Rutherford, N.J.

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