JLL Capital Markets announced that it arranged the $55 million sale of the Arrow Linen Site located at 441–467 Prospect Ave., a residential development site in Brooklyn’s Park Slope neighborhood.
JLL represented Arrow Linen Supply Company in the sale and negotiated directly with the buyer, Goose Property Management.
The site occupies two lots on the north side of Prospect Avenue between Prospect Park West and Eighth Avenue. It is a short walk from Prospect Park and the 15th Street–Prospect Park subway station. The site offers 271,000 square feet of potential zoning floor area for residential development.
A spokesperson for Arrow Linen said, “Arrow Linen has been proud to call Brooklyn its home since 1947. Recently, after the unexpected passing of our Chief Executive Officer and majority shareholder, the remaining shareholders elected to longer be part of the site’s development. We are confident that the new team will bring badly needed homes, including affordable homes, to Brooklyn.”
JLL’s Mike Mazzara, Ethan Stanton and Brendan Maddigan arranged the transaction.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,700 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities.
