 |
| Michael Nachmkin |
FLORHAM PARK, NJ ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $7.8 million
sale of the 5.12-acre land tract adjacent to John F. Kennedy (JFK)
International Airport in the New York City borough of Queens, New York.
HFF marketed the site on
behalf of the sellers, Philips International and Rhodes NY. Gabrielli Truck Sales Ltd. (Gabrielli)
purchased the site.
The project required
various state and local approvals from the New York City Economic Development
Corporation and the Port Authority of New York and New Jersey. Gabrielli plans to construct a facility for
their use on the site.
JFK International Airport
is one of the leading international air cargo centers in the world and home to
18 cargo-only freight carriers, including American Airlines, FedEx, Delta
Airlines and China Airlines.
The site is located at 181-25 Eastern Road in
Jamaica, Queens, which is in the Queens County industrial submarket and
proximate to both the Belt Parkway and Interstate 678 (JFK Expressway) leading
into Manhattan.
Construction will begin on the industrial
development this year. Prior to this
development, there have been few industrial/commercial developments within a
three-mile radius of the airport within 30 years.
 |
| Evan Pariser |
The HFF investment sales
team representing the seller was led by managing director Michael Nachamkin and senior managing director Evan Pariser.
“We were extremely happy
with the outcome for both the buyer and seller,” Nachamkin said. “The purchaser worked extremely hard along
with their counsel to obtain all the approvals necessary to develop the site
for their needs.”
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
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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