A Maryland-based logistics real estate company paid $115 million for Modell’s warehouse in the Bronx. Realterm Logistics bought 1500 Bassett Avenue in Morris Park, a 366,000-square-foot distribution center situated on a 12-acre lot. The company, headquartered in Annapolis, specializes in high-flow through facilities for the transportation industry. Earlier this year, Crain’s reported that the sports apparel chain was in talks to sell its Bronx warehouse. At the time, the buyer and the exact price of […]
source https://therealdeal.com/2019/01/02/maryland-based-company-pays-115m-for-modells-warehouse/
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