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| Andrew Scandalios |
NEW YORK, NY – HFF announced it has closed the sale of a
commercial development site located at 11-55 49th Avenue in Long Island
City, New York.
HFF
marketed the property on behalf of the seller and procured the buyer, Criterion
Group LLC.
The
development site is located at 11-55 49th Avenue adjacent to the 7 Train in the
Hunter’s Point neighborhood of Long Island City.
This places the property a short distance from the Queens
Midtown Tunnel providing access to Manhattan across the East River. The site is currently a 26,415-square-foot
vacant parking lot and it is zoned for 132,074 square feet of residential or
commercial development.
The
HFF investment sales team representing the seller was led by senior managing
director Andrew Scandalios, managing director Jeff Julien,
director Rob Hinckley and associate director David Fowler.
Criterion Group LLC and its affiliates, based in New York, invest in
diversified property offerings including residential development and
acquisitions, industrial and distribution, retail, office and value added
repositionings.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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