W.B. Mason, the largest privately-held U.S. seller of office supplies, is opening its first distribution center in the city. The Brockton, Mass.-based company inked a 10-year lease for a total of 173,000 square feet on the site of one-story Bronx warehouse. The lease, which comes with a five-year option, covers a 107,000-square-foot space inside the…
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Sunshine Lighting, a wholesale supplier of bulbs and lamps, is putting the property near Halleck Street on the market for $38 million. The site, which runs the Gowanus Canal and is just south of the Red Hook Ball Fields, is zoned for commercial use. Pinnacle Realty’s David Junik is marketing the building. The asking price…
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Emmes Asset Management, together with one of its U.S. pension fund clients, acquired a vacant four-story industrial loft building at 47-16 Austell Place in the Factory District of Long Island City, Queens for approximately $13.5 million. Emmes is implementing a multi-million dollar capital improvement program, repositioning the former storage and distribution center into a multi-tenanted…
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A local affiliate of the International Brotherhood of Teamsters labor union is looking to sell a development site near 5Pointz in Long Island City that offers just shy of 76,000 buildable square feet, The Real Deal has learned. The union is asking $29 million. The lot, which Pinnacle Realty’s Decio Baio and David Junik are…
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