Industry One Realty
Farmingdale, NY According to Industry One Realty Corp., Mobile Hi-Tech Wheels leased 30,394 s/f of industrial space at 200 Sherwood Ave.
Bob Misa of Industry One collaborated with Max Omstrom of Jones Lang LaSalle IP, Inc., to represent the tenant. The landlord, JPD United Inc., was self-represented in the lease transaction.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,