Frito-Lay has purchased a 182,000 sq. ft. distribution center site in Brooklyn, NY. The property—located at 222 Morgan Avenue—was sold for $8.7 million for Quattro Properties. Quattro is controlled by Steel Equities.
“After working with Frito-Lay for several years on this important assignment, we were pleased to find this jewel of a distribution location in Brooklyn,” says Franklin Zuckerbrot, managing director at brokerage Sholom & Zuckerbrot.
The brokerage represented both Frito-Lay and Quattro Properties on the deal. Frito-Lay is a division of PepsiCo.