New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Avison Team Arranges Warehouse Sale in Greenpoint
Avison Young’s Tri-State Investment Sales Group arranged the sale of 29 Meserole Ave. in Greenpoint, Brooklyn for $7.95 million. The property was acquired by 688 Court Street, LLC.
Currently operating as a food distribution facility, the 18,320-square-foot industrial property includes approximately 1,500 square feet of mezzanine-level office space, 18’ ceiling heights, three cold storage units and multiple loading docks.
An Avison Young team of James Nelson, Brent Glodowski, Frederick Richter, Chris Johnson nd Alexandra Marolda represented the seller, Marc Jason Realty Co.
“This transaction represents the continued investor demand for premium industrial and logistics space in the outer boroughs and the sector’s strong performance that the pandemic has only accelerated,” said Richter. “29 Meserole Ave. presented an attractive investment opportunity to acquire a fully built-out, vacant industrial flex space with the versatility to accommodate a range of storage and logistics uses.”
- ◦Sale/Acquisition
