 |
| Rob Rizzi |
The HFF team worked on behalf of the developer,
Triangle Equities, to arrange an initial $10.1 million investment in the form
of joint venture capital with L&B
Realty Advisors (L&B). L&B has
additionally committed to the vertical capitalization of the project.
 |
| Rob Hinckley |
The three-story industrial facility will be
constructed on a 119,000-square-foot lot located at 130-120 South Conduit
Avenue in South Ozone Park and is currently operating as a surface parking
facility. The lot features frontage on the Belt Parkway and is
approximately one mile from JFK Airport.
The property is proximate to the Port of New York
and New Jersey, one of the largest natural harbors in the world and the third
largest port in the U.S. The facility is expected to have first- and
second-floor loading and clear heights ranging from 23 to 26 feet.
The HFF equity placement team included senior
managing director Andrew Scandalios, managing directors Rob Hinckley and
Rob Rizzi and associate Tyler Peck.
 |
| Tyler Peck |
“The property is
strategically positioned to capture the insatiable demand for modern,
‘last-mile’ distribution space located in highly populated urban areas,”
Hinckley said.
For more information, please contact:
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
No comments:
Post a Comment