Triangle Equities Lands $50M for Queens Logistics Facility  

Triangle Equities has secured a $50 million first mortgage for its 425,000-square-foot industrial site at 30-02 Whitestone Expressway, College Point, Queens. Centennial Bank provided the funding to replace existing debt and facilitate pre-development for a new multi-story industrial complex.  

The JLL Capital Markets team that arranged the financing was led by Geoff Goldstein, Rob Hinckley and Tyler Peck. “This financing presented lenders with an extremely rare opportunity to lend against an as-of-right industrial development site with excellent access to all major roadways in the area,” said Goldstein. “Institutional long-term ownership plans to capitalize on the continued demand for modern logistics facilities in the region.”