Monitor Holding closes on $16.5m sales of New York industrial property

Monitor Holding closes on $16.5m sales of New York industrial property

Published at: 2019-07-25 16:33 | Author: CIJ USA
Monitor Holding has closed on the $16.5m sale of its three-story industrial property in the Queens neighborhood of Elmhurst, New York. The buyer plans to redevelop the 70,000 sq ft property which formerly housed several tenants that used the space for warehousing and distribution. Kalmon Dolgin Affiliates arranged the sale on behalf of the seller. “This large industrial property at 74-16 Grand Avenue presented a unique opportunity for the buyer,” said Neil Dolgin of KDA. “Its excellent location near the Long Island Expressway provides great exposure and offers easy access to and from Eastern Long Island, Brooklyn and Manhattan.”

Similar Stories:

Monmouth Real Estate Investment buys Toyota Trusho America-leased shed in Indiana
Monmouth Real Estate Investment Corporation has picked up a newly industrial building in L  »
DH Property Holdings building Brooklyn distribution center
DH Property Holdings broke ground on an 85,000 sq ft, class A distribution center in the R  »
Endurance RE buys two south NJ warehouses along I-295 corridor
The Endurance Real Estate Group has closed on the disposition of a two-building industrial  »
CBRE: E-commerce driving warehouse construction in US
E-commerce demand is driving warehouse construction across the US, according to a new repo  »
The industrial sector of commercial real estate has changed radically over the past few ye   »
industrial logistics brokers are relying increasingly on data to help them find the best p   »
Scott Gregory, market officer at Prologis in Florida, says the breakdown can be seen geogr   »