Prologis Acquires Industrial Properties In Flushing For $48.2M

The industrial properties located at 57-00 47th St., 58-20 47th St., 57-05 47th St., and 57-57 47th St. in Flushing have been sold in a recent transaction. The sale was facilitated by David Schechtman, Abie Kassin, Jonathan Birnbaum, and Lipa Lieberman from Meridian Investment Sales.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $48,200,000
• Square Footage: 167,570
• Price Per Square Foot: $287

Prologis, the buyer in this deal, acquired these industrial properties from Pebble Lane Associates. The transaction took place on December 30, 2021.