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Realterm Logistics Acquires Industrial Property In Maspeth For $132M

50-35 56th Road
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This Industrial property located in NY was sold for $132,000,000 about 2 years ago. The brokers of the deal were Jeff Shriver, Steven Binswanger, and Gary Phillips

The industrial property located at 50-35 56th Road in Maspeth has been sold for a price of $132,000,000. The transaction took place on January 13, 2022. The property was sold by Beverage Distribution Center Inc. and purchased by Realterm Logistics. The deal was facilitated by brokers Steve Binswanger, Gary Phillips, and Jeff Shriver from Eastdil Secured.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $132,000,000
  • Date: January 13, 2022
  • Address: 50-35 56th Road
  • Market: Maspeth

The sale of this industrial property marks a significant transaction in the Maspeth market. Realterm Logistics, the buyer, recognized the value and potential of the property, leading to their decision to acquire it. On the other hand, Beverage Distribution Center Inc., the seller, saw this as an opportunity to divest their asset and capitalize on the market demand. The involvement of brokers Steve Binswanger, Gary Phillips, and Jeff Shriver from Eastdil Secured showcases their expertise in facilitating successful industrial property transactions in the area.

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Deals
  • Location
    50-35 56th Road, Maspeth, NY 1137850-35 56th Road, Maspeth, NY 11378
  • Sale Price
    $132,000,000$132,000,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Jeff Shriver

Jeff Shriver

Deals1
Sold$132M

Gary Phillips

Gary Phillips

Deals39
Financed$10.4B

Agency

Eastdil Secured

Eastdil Secured

Agency
Deals187
Volume$58.2B

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Deal Summary

SALE IMAGE: Steve Binswanger, Gary Phillips & Jeff Shriver DATE: 01/13/2022 ADDRESS: 50-35 56th Road MARKET: Maspeth ASSET TYPE: Industrial BUYER: Realterm Logistics SELLER: Beverage Distribution Center Inc. BROKERS: Steve Binswanger, Gary Phillips & Jeff Shriver - Eastdil Secured (@EastdilSecured) SALE PRICE: $132,000,000

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50-35 56th Road

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