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MRC’s Jamaica Logistics Property Sees 40k SF of New Leases
Three new leases totaling approximately 40,000 square feet were signed at 184-10 and 184-60 Jamaica Ave., a 613,000-square-foot industrial property in Jamaica, Queens. Madison Realty Capital and Artemis Real Estate Partners purchased the asset in 2017 for $78 million.
The three new leases include:
• 18,504 square feet for Wit Zenith Trading Inc., a shipping and receiving logistics company
• 5,300 square feet for Moga Packaging, a packaging services provider
• 15,781 square feet for 4PX Express USA, an international e-commerce solutions provider and express delivery service
“The need for blocks of industrial space in this region is high, but availability still remains tight,”said MRC’s Josh Zegen. “Our Jamaica Avenue facility is one of the only assets on the market to address this demand, and the solid leasing activity at the property verifies its unique value proposition.”
A Pinnacle Realty team led by Paul Bralower and Decio Baio represented ownership.
For comments, questions or concerns, please contact Paul Bubny
- ◦Lease
