Andrew Chung’s Innovo Property Group is making another big bet on an industrial project in the Bronx.
The plan would be a windfall for owners Joshua and Jack Guttman, whose company, Pearl Realty Management, bought the site for $24 million in 2016. The Guttmans would remain part of the project as a lender. Jack Guttman did not return an email message seeking comment.
David Junik of Pinnacle Realty is representing both Pearl Realty and Innovo for the deal, and is in charge of leasing for the site.