Terreno Realty Corporation Acquires Industrial Property In Queens For $25.2M

The industrial property located at 26-15 Brooklyn-Queens Expressway in New York has been sold in a closed transaction. The property spans across 91,000 square feet and was sold for a price of $25,200,000, resulting in a price per square foot of $277. The transaction took place in Queens, indicating the market location for this asset.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25,200,000
• Square Footage: 91,000 sq
• Price per Square Foot: $277
• City: New York
• Market: Queens

The seller of the property was the Bulova Watch company, while the buyer in this transaction was Terreno Realty Corporation. The deal was facilitated by EasternConsol, with Andrew Sasson, Chad Sinsheimer, Brad Cohen, and Brian Ezratty representing the parties involved.