New York & Tri-State + Outer | August 8, 2022

The Davis Companies launched a capital improvements program at the Pearl Building, an industrial building in Maspeth, Queens

Davis Companies Begins Cap Improvements at Maspeth’s Pearl Building

A multimillion-dollar capital improvement program has begun at the Pearl Building, a 156,792-square-foot industrial building at 58-30 Grand Ave. in Maspeth, Queens. Cushman & Wakefield’s Joshua A. Kleinberg and Joe Hentze Jr. will serve as the exclusive leasing agents on behalf of the landlord, The Davis Companies.

“With continuing demand and a lack of inventory, the need for high-quality distribution spaces in proximity to Manhattan is greater than ever,” said Kleinberg. “Davis is committed to providing best-in-class spaces for their tenants which is why the property is currently undergoing an immense capital improvement program, resulting in interior upgrades and façade restoration.”

The capital improvement program at the Pearl Building will result in updated loading positions including new dock doors, levelers, seals/bumpers, paving/coatings and building protection. Additional improvements will include a façade restoration, elevator upgrades, lobby upgrades, new restrooms and security upgrades throughout.

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Cushman & Wakefield's Kleinberg

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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