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Nonprofit Takes Over Retail Property in Queens’ Woodhaven Section
CBRE closed the $5.2-million sale of a prime retail property located at 65-35 Woodhaven Blvd. in the Woodhaven neighborhood of Queens. Innovative Resources for Independence (IRI), a New York-based nonprofit that supports people with intellectual and developmental disabilities, acquired the 9,227-square-foot property previously housing a Rite-Aid/Walgreens.
CBRE’s Andrew Jaworski acted as lead agent and worked in collaboration with colleagues Dean Rosensweig, Chris Betting and Jojo Lewis of the firm’s Manhattan office in spearheading the marketing campaign for the property and represented the seller in negotiations. Jaworski was assisted by Stuart Strougo, the property’s managing agent.
“We are thrilled with the competitive process, which resulted in a number of offers,” said Jaworski. “IRI is an incredible nonprofit that provides much needed services to adults with disabilities and the property will be ideally used by the organization to meet the needs of the local community.”
- ◦Sale/Acquisition
