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Bronx distribution center sells for $117M
Buyer CenterPoint bets on its proximity to Manhattan
New York /
TRD Staff
A Bronx industrial deal paid off for its investors.
A joint venture between Goldman Sachs Asset Management and Blumenfeld Development Group sold a 145,144-square-foot logistics facility at 1080 Leggett Avenue in Hunts Point to CenterPoint Properties for $116.5 million. That’s three times more than the $38.5 million that the investors paid two years ago, Commercial Observer reported.
“The location of 1080 Leggett Avenue in the southwest corner of Hunts Point is logistically strategic, and the asset is Class A by boroughs’ standards,” CenterPoint’s Investment Officer Mac Lee said in a statement to the outlet. “1080 Leggett’s last-mile distribution functionality and premiere proximity to M
Will the recovery last?
jordantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jordantimes.com Daily Mail and Mail on Sunday newspapers.
Will the recovery last?
jordantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jordantimes.com Daily Mail and Mail on Sunday newspapers.
Speakers announced for Global Custodian s Leaders in Custody Week 2021 - Global Custodian – The Leading quarterly magazine covering the international securities services industry
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