Real Estate
Woodside office sells
for $25.2 million
www.qns.com I LIC COURIER I APRIL 2018 15
BY ANGELA MATUA
AMATUA@QNS.COM
A massive one-story office space in
Woodside was sold for $25.2 million.
The 83,000-square-foot building at
26-15 Brooklyn-Queens Expwy., which
housed office space for Bulova, a luxury
watchmaker, also includes two parking
lots that span 91,000 square feet, according
to the Commercial Observer.
Terreno Realty Corporation, which
specializes in industrial real estate, purchased
the property earlier this month.
Bulova has owned the property since
2007 and has operated in that location
for more than three decades, the Commercial
Observer reported.
According to a Terreno Realty press
release, the facility also includes six
dock-high and one grade-level loading
docks, parking for 168 cars and is
23 percent leased to one tenant on a
short-term basis.
The real estate company will look to
renovate the property, which has 60,000
square feet in unused air rights, and
lease it to industrial companies.
“The warehouse features a unique
urban distribution facility, which would be
ideal for many users including third-party
logistics providers; auto dealerships; or
fleet parking,” Jacob Tzfanya, director
at Eastern Consolidated, the company
hired to market the building told the
Commercial Observer. “The property also
offers tremendous signage potential
from a billboard located on the property,
which is visible from the Brooklyn
Queens Expressway.”
Photo courtesy of Eastern Consolidated
/www.qns.com
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