The properties at 184-10 and 184-60 Jamaica Avenue span 613,000 square feet and are around 80 percent leased, Crain’s reported. The buyers landed an acquisition loan from private equity firm KKR. Cushman & Wakefield brokered the partnership deal. Pinnacle Realty’s Decio Baio, Fredric Stein, Steve Nadel and Paul Bralower had marketed the site on behalf…
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Yoel Goldman and the Hakim Organization have joined Property Markets Group in its purchase of one of the largest vacant sites in Gowanus, The Real Deal has learned. Pinnacle Realty’s David Junik brokered the Smith Street deal. Pinnacle, PMG and All Year declined to comment, and Hakim could not be reached. Read more at The…
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The owner of a 7.3-acre site that houses a 202,000-square-foot Coca-Cola bottling plant in Queens’ Maspeth neighborhood is putting it on the market, sources told The Real Deal. The owner, Kaymac Corporation, hired Pinnacle Realty of New York to market the site as a potential development opportunity. Sources familiar with the site, located near the…
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Madison Realty Capital is in contract to purchase a 3.5-acre property in Queens’ Hollis neighborhood for $78 million, sources familiar with the transaction told The Real Deal. The transaction would give them control of roughly 615,000 square feet of rentable office and industrial space, with tenants such as French Connection and Gotham Greens. A Pinnacle…
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