BrightSpire Capital Acquires Office Building In Long Island City, Queens For $63.3M

BrightSpire Capital has acquired the office building located at 21-09 Borden Avenue in Long Island City, Queens. The property, purchased from Related Companies and BentallGreenOak, was sold for a total of $63.3 million. The office building spans a total of 168,000 square feet, resulting in a price per square foot of $377.

Summary of transation details

• Property Type: Office
• Transaction Amount: $63,316,169
• Address: 21-09 Borden Avenue, Long Island City, Queens
• Market: Long Island City, Queens

The buyer, BrightSpire Capital, was represented by David A. Palame. On the other hand, Patrick Sweeney represented the sellers, Related Companies, and BentallGreenOak.