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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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. . . .

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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