TF Cornerstone Inc. acquired The Berkley, at 223 North 8th Street in Williamsburg, Brooklyn from Pacolet Milliken Enterprises, Inc. and Trinity Place Holdings Inc. (NYSEAM:TPHS) for $71 million on April 27, 2022. The net proceeds from the sale, after repayment of the property's mortgage and partner loan and settlement proceeds from the interest rate swap associated with the Property's mortgage will be used for working capital and/or new investment opportunities for Trinity Place Holdings Inc.

TF Cornerstone Inc. completed the acquisition of The Berkley, at 223 North 8th Street in Williamsburg, Brooklyn from Pacolet Milliken Enterprises, Inc. and Trinity Place Holdings Inc. (NYSEAM:TPHS) on April 27, 2022. JLL Capital Markets arranged $35.5 million acquisition financing from Nationwide for TF Cornerstone. JLL marketed the property on behalf of Pacolet Milliken and Trinity Place Holdings.