Industrial is the wave of the future
North River Company has acquired 48-49 35th Street in LIC from Metropolitan Realty Associates and TH Real Estate for $72 million. The three-story warehouse spans 246,000 square feet.
Worth Noting: North River’s Christopher Flagg said in a prepared statement that the company plans to continue leasing the space to industrial tenants.
Flashback: The partnership paid $55 million for the property in 2017.