Turnbridge Equities continued its industrial property buying spree with the $39.5 million purchase of a FedEx shipping center in Queens. The company bought 58-95 Maurice Avenue in Maspeth from CMJ Realty, according to property records. Ares Commercial Real Estate provided a $24 million mortgage for the deal. Representatives for Turnbridge and CMJ did not respond to requests for comment. Industrial properties have become increasingly popular across New York City and the country thanks to the […]
source https://therealdeal.com/2019/07/25/turnbridge-scoops-up-another-industrial-site-for-40m/
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