Moda Operandi Leases 30000 SF At The Davis Companies’ Pearl Building In Maspeth Queens

The asset involved in this transaction is an industrial property located at 58-30 Grand Avenue in Maspeth, Queens, encompassing a total square footage of 30,000. The deal includes a lease agreement rather than a purchase. The property is owned by The Davis Companies, specifically represented by Jon Davis.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Square Footage: 30,000
• Address: 58-30 Grand Avenue
• Market: Maspeth, Queens
• Landlord: Jon Davis - Davis Companies
• Tenant: Lauren Santo Domingo - Moda Operandi
• Landlord's Representative: Helen Paul, Rico Murtha, Sonny Singh & Joe Hentze Jr - Cushman & Wakefield
• Tenant's Representative: Owen Hane - JLL

This transaction allows Moda Operandi to establish a new distribution center, reflecting their regional growth strategy. The involvement of major representatives from Cushman & Wakefield and JLL highlights the collaborative effort in facilitating this lease agreement.