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82-11 37th Ave., Jackson Heights 82-11 37th Ave., Jackson Heights, Queens

NEW YORK CITY– RockFarmer Properties, led by George Michelis and John Petras, and RWN Real Estate Partners, led by Ari Shalam, acquired 82-11 37th Ave. in Jackson Heights for $55.9 million. The seller was the estate of Carlo and Anne Cinganelli.

The owners plan to reposition and rebrand the 128,000 square-foot, nine-story building, which comprises ground floor retail spaces, two floors of indoor parking, and both lower level and tower office suites. The property spans an entire block. The office space contains both full-floor units and smaller suites. Tenants include politicians, government officials, non-profits, community groups, and professional service providers such as lawyers, accountants, architects and medical professionals.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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