Innovo Property Group Acquires Industrial Asset In Hunts Point For $21.5M

The industrial property located at 1100 Leggett Avenue in Hunts Point has been sold for $21,500,000. Spread across 59,889 square feet, the property was acquired by Innovo Property Group from Metro Office Furniture Rental. With a price per square foot of $358, this transaction marks a significant sale in the industrial market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $21,500,000
• Address: 1100 Leggett Avenue
• Market: Hunts Point
• Buyer: Innovo Property Group
• Seller: Metro Office Furniture Rental
• Square Footage: 59,889
• Price per Square Foot: $358

Andrew Chung captured the image associated with this transaction. The deal between Innovo Property Group and Metro Office Furniture Rental was finalized on 07/26/2022. This sale adds to the success of Innovo Property Group's investment portfolio and marks a significant transaction in the Hunts Point industrial market.