Transel Elevator & Electric Renews 10-Year Office Lease At Long Island City's Factory Building

The contracting firm Transel Elevator & Electric has renewed its 22,725 square feet office lease at the Factory building in Long Island City's Queens market. The lease term is set for 10 years. The property, located at 30-30 47th Avenue, is owned by Atlas Capital Group, Invesco, and Partners Group.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Not available
• Square Footage: 22,725
• Address: 30-30 47th Avenue
• Market: Queens
• Landlord: Atlas Capital Group, Invesco, and Partners Group
• Tenant: Transel Elevator & Electric

The lease transaction was represented by Newmark for the landlords, while ABS Partners Real Estate acted as the tenant's representative. The landlord's representatives included Brian Waterman, Howard Kesseler, Jordan Gosin, and Alex Rosenblum from Newmark. John Brod and Ben Waller from ABS Partners Real Estate represented the tenant in the deal.