HomeDepot Acquires Industrial Property In Queens For $63M

The industrial property located at 59-02 Borden Avenue in Queens, New York has been sold in a closed transaction. The property was purchased by @HomeDepot for a total price of $63,000,000. The seller of the property was Coca-Cola European Partners. The transaction was facilitated by Pinnacle Realty of NY, who represented the buyer in the deal.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $63,000,000
• Address: 59-02 Borden Avenue
• City: New York
• Market: Queens

Pinnacle Realty of NY played a crucial role in the transaction as the broker representing @HomeDepot. Their expertise and negotiation skills were instrumental in the successful purchase of this industrial property. This deal marks a significant milestone for both the buyer and the seller, further highlighting the importance of the industrial market in Queens.