Michael Qiu Of H&M USA Inc Acquires Industrial Asset In Port Washington For $27.5M

The industrial asset located at 3 Seaview Blvd in Port Washington has been sold for $27.5 million. This property spans 82,619 square feet, translating to a price per square foot of $333.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,500,000
• Buyer: Michael Qiu - H&M USA Inc
• Brokers: Joshua Cohen & Kyle Burkhardt - Newmark
• Market: Port Washington
• Square Footage: 82,619
• Price Per Square Foot: $333

H&M USA Inc. is consolidating operations and relocating from Syosset as part of its expansion into the ingredient distribution business with this acquisition.