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There is an increased demand from retailers and wholesalers for industrial and logistics locations near residential density and growth, and an infill location will capture last-mile demand in the Northwest submarket.
Cushman & Wakefield is marketing 217-14 24th Ave., a 64,810-square-foot development site in Bayside, Queens, on behalf of A.Real Yyz L.P. The 1.5-acre development site has over 250 feet of frontage on Little Neck Bay in Queens.
Mount Sinai Hospital is expanding its lease square footage at 207 East 94th St., a 50,000-square-foot building on the Upper East Side. Hirschfeld Properties owns the 50,000-square-foot building with asking rents of $55 per square foot.
The deal for 302 West Third marks Time Equities' third acquisition in the Tri-State Region over the last two years. Other notable regional acquisitions include Brookside Industrial Park in Indianapolis and the Arbor at Montana Apartments in Cincinnati.
MacKay joined Cushman & Wakefield's board of directors in 2018. She was most recently a senior advisor to iStar, a New York City-based investment REIT that finances, invests in and develops real estate and real estate related projects.
Metropolitan Realty, a real estate company, has tapped Cushman & Wakefield to lead leasing efforts for 50-05 Metropolitan Ave., a mixed-use retail and office development in Ridgewood, Queens, bordering Brooklyn.
DFW Park 161 is a joint venture between Invesco Real Estate, the real estate investment business of Invesco Ltd., and Perot Development Company, with First United Bank providing financing support.