These were the biggest Queens deals of the third quarter

Published on Thursday, October 19, 2017 | posted by Carolina Bergara

The $78 million sale of Jamaica’s Ideal Business Center topped the list. It was followed by Home Depot’s $63 million purchase of a Coca-Cola bottling plant in Maspeth. And a pair of industrial sites near JFK Airport that Deutsche Bank’s real estate arm bought for $43.1 million and $33.6 million occupied numbers three and four on the list.
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Bottle shock: Home Depot buys 7-acre Coca-Cola site for $63M

Published on Wednesday, August 23, 2017 | posted by Carolina Bergara

Home Depot pick up a 7.3 acre site that houses a Coca-Cola bottling plant in Queens' Maspeth neighborhood for $63 million, sources told the Real Deal. Kaymac had hired a Pinnacle Realty team led by David Junik, Decio Baio and James Tack to market the sale in March, when sources had pegged it to sell north of $70 million.The site, located near the Long Island Expressway, offers 316,200 buildable square feet. . . .

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Madison partners with Artemis on $78M Jamaica buy

Published on Wednesday, July 26, 2017 | posted by Carolina Bergara

The properties at 184-10 and 184-60 Jamaica Avenue span 613,000 square feet and are around 80 percent leased, Crain’s reported. The buyers landed an acquisition loan from private equity firm KKR.
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7-acre site of Coca-Cola plant in Queens hitting the market

Published on Wednesday, March 22, 2017 | posted by Carolina Bergara

The owner of a 7.3-acre site that houses a 202,000-square-foot Coca-Cola bottling plant in Queens’ Maspeth neighborhood is putting it on the market, sources told The Real Deal.

The owner, Kaymac Corporation, hired Pinnacle Realty of New York to market the site as a potential development opportunity. Sources familiar with the site, located near the Long Island Expressway, said it could sell for between $70 million and $75 million.
 
Pinnacle Realty’s Decio Baio, David Junik and James Tack are representing the owner. The brokers declined to comment, while Kaymac and Coca-Cola did not respond.

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Madison Realty Capital beds down in Queens with $78M deal

Published on Tuesday, February 28, 2017 | posted by Carolina Bergara

Madison Realty Capital is in contract to purchase a 3.5-acre property in Queens’ Hollis neighborhood for $78 million, sources familiar with the transaction told The Real Deal. The transaction would give them control of roughly 615,000 square feet of rentable office and industrial space, with tenants such as French Connection and Gotham Greens. . . .

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Wharton Equity snaps up LIC office building for $24M

Published on Friday, January 20, 2017 | posted by Carolina Bergara

Larry Cerullo and Steve Tallides, owners of the popular sports bar and event space Studio Square in Long Island City, sold a nearby office property at 35-01 36th Street for $24 million, or $538 a square foot, sources told The Real Deal.  . . .

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Pfizer sells last piece of its Broadway Triangle site

Published on Thursday, January 05, 2017 | posted by Carolina Bergara

Pfizer sold the last remaining piece of its development site at Brooklyn’s Broadway Triangle. Developer Abraham Brach paid $27.5 million for the property and is planning a residential-and-community facility building for the Orthodox Jewish community, sources told The Real Deal. . . .

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Shibber Khan's Criterion shopping large LIC dev site

Published on Wednesday, August 10, 2016 | posted by Carolina Bergara

Shibber Khan’s Criterion Group is looking to sell a massive, largely vacant Long Island City development site just a year after buying it, sources told The Real Deal.

“There is an uptick in demand in Long Island City for office space — from companies looking to relocate and end users that want to purchase their own headquarters space,” said Pinnacle Realty’s TRData LogoTINY David Junik, who is marketing the site along with his colleague Decio Baio
 
Junik added the site could benefit from a residential rezoning of the area, as a result of the Long Island City Core Neighborhood Planning Study currently being conducted by the Department of City Planning.
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