Prologis Acquires Queens Industrial Warehouse for $21M

24 Woodward.

NEW YORK CITY – Prologis, a multinational and logistics real estate investment trust, has acquired 24 Woodward Ave., an industrial warehouse in the Queens submarket from Willowen Management Corp. for $21 million. The property is a two-story, 110,000-square-foot industrial warehouse and distribution facility with access to both LaGuardia and Kennedy airports and rail line connectivity. Newmark Knight Frank arranged the transaction.

“24 Woodward Avenue is a keystone in the evolving industrial district in this section of Ridgewood,” said NKF’s Vice Chairman of Investment Sales Brian Ezratty in a prepared statement. “The property will afford maximum efficiency for distribution and warehousing needs given its proximity to major transit systems and destinations throughout the greater-New York City area.”