Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

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.

New York & Tri-State  |  June 10, 2024
Emily Fu
By: Emily Fu

Cushman & Wakefield Arranges $69M Refi for Jamaica Industrial Property 

The KABR Group has secured a $69.1 million refinancing for 184-10/60 Jamaica Avenue, a 618,414-square-foot industrial property known as the Ideal Building in Jamaica, Queens. ACORE Capital provided the loan, and Cushman & Wakefield’s Gideon Gil and Dale Braverman represented the borrower. 

“This transaction underscores the strong demand for quality industrial assets in strategic locations within the outer boroughs,” said Gil. “Since acquiring the Ideal Building in 2022, KABR has fortified the legacy rent roll, increased occupancy and commenced a comprehensive repositioning to transform the property to a best-in-class light industrial facility, which has led to significant leasing activity and momentum.” 

The Ideal Building, comprising two interconnected structures originally built in 1923, features 14 loading docks, 2 drive-ins, 6 freight elevators, and 127 parking spaces. 

Connect

Inside The Story

Gideon Gil

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
Order Reprints