Flex warehouse operator ReadySpaces has leased 90,000 square feet of space in a Chetrit-owned industrial property in Ridgewood, Queens, according to the tenant’s brokers. The 10-year deal at 59-10 Decatur Street, between Forest and Myrtle avenues, is ReadySpaces’ first lease in New York City, The Real Deal reported last week. The brokers involved in the deal declined to provide the asking…
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Flex-warehouse startup ReadySpaces has inked a 90,000-square-foot lease at Isaac Chetrit’s industrial loft building in Ridgewood, Queens. Led by co-founders John Zimmerman and Kevin Petrovic, the company has been growing its footprint with long-term leases on or purchasing large Class B and C warehouses. ReadySpaces has more than 20 locations in North America, spanning more…
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Sitex Group has snapped up a 3.37-acre industrial site in Maspeth for about $50 million, more than 10 times what the seller bought it for 17 years ago. The New Jersey-based industrial firm recently closed on the deal to acquire the property at 58-80 Borden Avenue, Pinnacle Realty’s David Junik told The Real Deal. Read more at The…
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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…
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