Quinlan Development Group and Building & Land Technology have secured $132 million in financing for an office conversion project in downtown Brooklyn. Located at 41 Flatbush Avenue, the partners plan to redevelop a 230,000 square foot storage facility into a 275,000 square foot office property. The funding, supplied by KKR, encompasses a $53 million bridge and construction along with financing for another $79.5 million in existing debt. The partners bought the facility, dubbed the Pioneer Building, for $90 million in 2015.
