246K SF Queens Warehouse will Remain a Warehouse
Metropolitan Realty Associates LLC (MRA) paid $55 million for a 246,000-square-foot warehouse in the Long Island City neighborhood of Queens with equity partner TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA). The warehouse will remain a warehouse, according to the new owner. “As more and more warehouse and distribution… Read more »
Metropolitan Realty Associates Completes Second LIC Acquisition
Metropolitan Realty Associates LLC (MRA) Founder and CEO Joseph Farkas announced the firm’s second major Long Island City acquisition with the $55 million purchase of the former Matsil Bros. building with equity partner TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA). Located at 48-49 35th Street, the three-story 246,000-square-foot warehouse was… Read more »
Limo Company Snags Warehouse
Not every industrial property sold in Brooklyn is renovated into luxury condominiums. Limousine company Luxor LLC paid $5 million for a 10,000-square-foot, one-story warehouse at 100 Huntington St., on the border between the Red Hook and Cobble Hill neighborhoods. The new owner plans to use the property as a parking venue for its cars. The… Read more »
Art Storage firm leases Melville space for first LI location
Kalmon Dolgin Affiliates Arranges 29,000 SF Lease or Cadogan Tate @ 26 Spagnoli Road
Kalmon Dolgin Affiliates (KDA) has arranged a 29,000 s/f, long-term lease for Cadogan Tate, a London-based fine arts storage company, at 260 Spagnoli Road in Melville, N.Y. Kalmon Dolgin and Neil Dolgin, co-presidents of Kalmon Dolgin Affiliates, made the announcement. Grant Dolgin of Kalmon Dolgin Affiliates represented the tenant, Cadogan Tate, while Jeffrey Schwartzberg… Read more »