Direct: 718 784 8541
About James Tack
James Tack is a 28 year veteran of the commercial real estate industry specializing in commercial, industrial and development brokerage as well as asset management in the outer boroughs of New York City.
James has completed hundreds of transactions representing small businesses, major corporations, trusts, estates and family partnerships. His unparalleled experience, specialized knowledge and local market resources provide a unique ability to implement strategies and solutions to the inevitable challenges facing commercial property owners.
James holds a Bachelor of Arts Degree from the University of Maryland.
Summary of Transactions
171,000 square feet – 58-75/ 59-21 Queens Midtown Expressway, Maspeth NY 11378: Exclusive Agent for this prominent Queens distribution facility consisting of two 1- story, high ceiling buildings, 75,000 square feet & 96,000 square feet, owned and occupied by J & R Electronics. Sold $28,500,000.00
120,000 Square Feet–21-01 44th Road, Long Island City, NY 11101: Appointed Managing Agent by an out of state investor for this prominently located 4-story manufacturing building. A plan was executed to negotiate lease terminations with all tenants placing the property in a position for redevelopment. Property was ultimately sold to a developer and leased to The New York City Information and Technology High School.
106,000 square feet – 41-21 28th Street, Long Island City, NY 11101: As Exclusive Agents for the seller of this prime Long Island City industrial property we developed and executed a plan to reposition this 30,000 square foot industrial building as a 106,000 square foot residential development site generating multiple competitive bidders. Sold to Heritage Equity 11/2013 $17 million.
102,000 Square feet–44-01 21st Street, Long Island City, NY 11101: Sold to an investor as an underperforming manufacturing building this property was quickly repositioned with a complete renovation and substantial capital improvements. An aggressive marketing program replaced all tenants. Fully leased and under management this property is now recognized as a premier loft building with top level tenants and an impressive rent roll.
95,000 square feet – 297 Norman Avenue, Brooklyn, NY 11222: Procured Bestway Carting Inc. as buyer for this industrial land site with Pinnacle as Exclusive Agents for Verizon as seller, sold 12/2010 $6.3 million. Subsequently appointed Exclusive Leasing Agents by new owner, successfully leased the entire property to MV Transportation a National School Bus operator.
86,000 square feet – 12-11/12-63 Redfern Avenue, Far Rockaway, NY 11691: Procured Kel-Tech Construction as buyer for two adjacent industrial land sites consisting of 60,000 square feet owned by Verizon (Pinnacle exclusive Agents for Verizon) & 26,000 square feet owned by John P. Picone Inc. 60,000 Square feet–Sold 6/2011 $1,850,000.00, 26,000 square feet sold 8/2012 $700,000.00.
70,500 Square Feet–59-21 Queens Midtown Expressway, Maspeth NY 11378: Prime 1-story warehouse building sold to an investor, leased to New York City Health and Hospitals Corporation. Resold to J & R Music World.
51,200 Square Feet – 47-16 Austell Place, Long Island City, NY 11101: Exclusive Agents representing the Seller this industrial loft was repositioned and sold as an office conversion to Emmes Ventures. Sold 2/2015 $13,500,000.00
50,000 sq. ft.–23-41/59 Borden Avenue, Long Island City, NY 11101: Exclusive Agent and Managing Agent for this 1-story multi-tenanted industrial building. Completed numerous renovation projects facilitating rentals to multiple credit tenants including Fresh Direct.
41,000 Square Feet–48-24/50 33rd Street, Long Island City, NY 11101: Exclusive Agent and Managing Agent for this multi—tenant industrial property. Procured Manhattan Life Insurance Company and Reise Restaurants as tenants. Secured a comprehensive financing package to conduct major capital improvement projects to secure this properties competitive advantage for the future.
25,000 Square Feet–45-15 36th Street, Long Island City, NY 11101: Sold the former Guinness/Harps building to an investor, marketed and leased the property to the New York City Taxi and Limousine Commission, years later marketed and sold the property to the District Council No. 9, Joint Apprentice Training Fund.
22,000 Square Feet–1646 East New York Avenue, Brooklyn, NY: Exclusively represented the seller of this industrial development site which sold to Safeguard Properties, a self storage firm that developed the site as a 44,000 sq. ft. self storage facility.
Other notable transactions with:
|Manhattan Life Insurance Company||Republic Elevator|
|Honeywell Bull||Petrocelli Electric|
|Bull HN Information Systems||Cleveland Wrecking Company|
|Enterprise Rent-A-Car||Eastern Paralyzed veterans|
|Riese Restaurants||The Closet Factory|
|J & R Music World||Safe Guard Storage|
|Trane||Premier Storage Solutions|
|David’s Cookies||NYC Taxi & Limousine Commission|
|Montenay Corporation||NYC Health & Hospitals Corp.|
|Joint Employment Office of the Elevator Industry||NYS Department of Labor|
|Emmes Ventures||NYC School Construction Authority|