News: Brokerage

Carillo of HKS Real Estate Advisors representing East West Development in LIC site sale

Queens, NY Peter Carillo of HKS Real Estate Advisors is representing East West Development in the sale of a Long Island City development site.

The 334,000 s/f assemblage near the Queensboro Bridge as an opportunity to build a last-mile logistics warehouse, a life-science center, a movie/TV studio or office, among other uses. The site is in a Opportunity Zone. The developer is also considering proposals for joint-ventures, built-to-suit projects and ground leases.

“In Long Island City there is limited supply and high demand for life science, movie studio and new class A medical office space,” said Carillo.

 

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