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Acquisitions

Joshua Zinn buys LIC development site

Joshua Zinn’s Botanic Properties and the Carlyle Group have acquired a development site at 24-02 Queens Plaza South in LIC from Atlas Capital Group for $40 million. The trade school building spans 74,105 SF, and allows for the construction of a 270,000-square-foot commercial property. 

  • Be Smart: Joshua Zinns plans to build a life science facility at the site when the school’s lease expires, CO reported.. The 24,500-square-foot parcel extends over the entire 240-foot blockfront along 24th Street and 100 feet along Queens Plaza South and 42nd Road. 
  • Flashback: Atlas paid $13.5 million for the property in 2012. [CO+Acris]

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