Bridge Industrial Acquires 129,043 SF Industrial Property In Maspeth For $57M

Bridge Industrial has acquired an industrial property located at 58-95 Maurice Avenue in Maspeth. The transaction, facilitated by JLL brokers Tyler Peck and Andrew Scandalios, involved a sale price of $57,000,000. The property spans 129,043 square feet, resulting in a price per square foot of $442.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $57,000,000
• Address: 58-95 Maurice Avenue
• Market: Maspeth
• Buyer: Bridge Industrial
• Seller: Turnbridge Equities
• Brokers: Tyler Peck & Andrew Scandalios - JLL

Tyler Peck and Andrew Scandalios from JLL played a crucial role in representing both the buyer, Bridge Industrial, and the seller, Turnbridge Equities, in this transaction. Their expertise and negotiations helped facilitate the successful sale of this industrial property in Maspeth.