News: Brokerage

Norman Bobrow & Co. secures 73,000 s/f lease for City Lumber

Queens, NY According to Norman Bobrow & Co., managing director Josh Berger and director Alex Lubin have negotiated a new 12-year lease for City Lumber.

City Lumber will be moving its headquarters and warehouse to 84-00 73rd Ave. in Glendale, taking the entire 73,000 s/f building plus an additional 32,500 s/f of outdoor space. Asking rent was $23/ft.

“We’ve been exploring the market with City Lumber for a number of years and are thrilled that we’ve been able to secure a new headquarters in Glendale Queens,” said Berger. “This building offers City Lumber an enlarged warehouse space and enhanced office that will help serve its growing customer base for the foreseeable future.”

“As a certified Woman Business Enterprise (WBE), City Lumber has experienced exponential growth as we participated in important projects at LaGuardia Airport, the La Central housing development in the Bronx, Moynihan Station, and Hudson Yards Tower A and Tower E,” said vice president David Spodek of City Lumber. “Operating out of 40,000 s/f, divided between two buildings in Long Island City, Queens, our need for a larger and more suitable warehouse became a growing and daunting hurdle for our company. With an enormous, and steadfast effort from both Josh and Alex, we were able to secure a property that will allow us to continue to be woven into the fabric of the greatest city in the world.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.