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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
JLL arranged the $75.65 million sale and acquisition financing for the eight-story, 222,058-square-foot class A office building located at 300 Barr Harbor Drive.
ESD released its study supporting the Queens neighborhood as a key component of the city's developing its life sciences industry, shortly after Alexandria purchased The Bindery at 30-02 48th Ave. in LIC for $75 million.
The Southport, CT-based development firm says the extremely discounted price will allow Summit Development to renovate and reposition the 1.2 million-square-foot complex.