Bungalow Projects and Bain Capital Real Estate Expand Production Studio Portfolio with Acquisition of Red Hook Property for $34 Million

NEW YORK--(BUSINESS WIRE)--Bungalow Projects, a real estate development firm focused on creating production hubs for episodic, film, and digital content creation, and Bain Capital Real Estate (“Bain Capital”) today announced the expansion of their production studio portfolio with the acquisition of 145 Wolcott Street in the Red Hook neighborhood of Brooklyn, NY for $34 million. The planned 225,000 square foot production facility will feature four state-of-the-art soundstages averaging approxima