47-25_34th Street Located at 47-25 34th St., HUB LIC could have an 80,000-square-foot contiguous block of office space on one floor.

NEW YORK CITY—A joint venture partnership of TIAA Global Asset Management and Metropolitan Realty Associates has acquired a large commercial property in Long Island City for $89 million.

Located at 47-25 34th St., HUB LIC, is a four-story, 326,000-square-foot commercial building that is 48% leased to a mix of tenants that includes POLO Ralph Lauren, TEC Systems Eleni’s Bakery, Gracie, and Richelieu.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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