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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.
“Central Perimeter continues to be a magnet for corporate headquarters with job creation and therefore investor interest," says Cushman & Wakefield's Mike Kemether.
Hayden was a legendary figure in the industry for his charismatic storytelling ability, his proudly old-school work ethic and values, his generous mentorship and wise advice to the countless young people who sought it, and his bottomless loyalty to family and friends.
The 350,000-square-foot multi-tenanted building is located on a 50-acre park-like setting within University Research Park. The seller of the property was a partnership between affiliates of Atlantic Creek Real Estate Partners, Origin Investments, and Stream Realty Partners.