Andrew Chung, the CEO and founder of Innovo Property Group, has closed on a 9-acre industrial site in Hunts Point, Bronx, for $102.5 million, Commercial Observer has learned.
The site, located at 1110 Oak Point Avenue along the East River waterfront, is home to a 93,000-square-foot warehouse occupied by the New York Expo Center.
David Junik of Pinnacle Realty represented both the buyer and the seller in the deal, and will lead the leasing of the site with his colleague Fred Stein going forward.