Andrew Chung’s Innovo Property Group is making another bet on Queens. The Midtown-based investment firm, which Chung launched in 2015, has a contract to buy a warehouse in Maspeth for around $40 million, sources told The Real Deal. The roughly 150,000-square-foot warehouse sits a few blocks from the Long Island Expressway at 58-30 Grand Avenue in Maspeth’s Industrial Business Zone, and marketing materials pitch the area’s draw to tenants providing last-mile logistics for deliveries. Owner […]
source https://therealdeal.com/2018/08/01/innovo-in-contract-to-buy-maspeth-warehouse-for-40m/
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