NEW YORK, NY – The New York office of HFF (Holliday Fenoglio Fowler, L.P.) announced today it has closed the sale of 24-20 49th Street, (top right photo) a 24,939-square-foot industrial property in Queens, New York.HFF senior managing director Andrew Scandalios (bottom left photo) and director Jeff Julien led the investment sales team on behalf of the seller.
Criterion Group, LLC purchased the property for $2.88 million free and clear of debt.
24-20 49th Street is 100% net leased to Sabra Dipping Company, LLC, one of the leading Mediterranean food manufacturers in North America.
Located at the intersection of 49th Street and Astoria Boulevard in the borough of Queens, the property is adjacent to the Grand Central Parkway and close to Interstate 278, LaGuardia International Airport, Triborough Bridge and Manhattan.
Criterion Group, LLC is based in New York and their diversified property offerings include residential development and acquisitions; industrial and distribution; retail; office and value added repositioning.
Criterion has industry recognized expertise in asset management, real estate acquisition and sales, new development, construction management, property management and financing.
CONTACTS:
Andrew G. Scandalios, HFF Senior Managing Director, (212) 245-2425, ascandalios@hfflp.com
Jeffrey N. Julien, HFF Director, (212) 245-2425, jjulien@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing (713) 852-3500, kmurphy@hfflp.com
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