The multi-story property on the border between the Bronx submarket is attractive to investors in search of industrial property in a dense area.

Citizens Bank, through its Community Development Group, also reports it has provided $36.5 million in construction loans for three affordable housing projects in Massachusetts.

The New York City-based operators paid $5 million for the development site.

Positions in acquisition and development now represent two out of the top five commercial real estate job postings.