The Real Deal New York

Avison Young to market two-acre portfolio in Queens

Glendale package includes industrial building and large vacant lot

July 31, 2014 03:30PM

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Jason Meister

Jason Meister

Commercial real estate services firm Avison Young has been tapped to market a 94,000-square-foot Cooper Avenue Portfolio in Glendale, Queens.

The property is comprised of eight lots on more than two acres, including an industrial building, vacant land, two parking lots and two attached single-family homes, which will be delivered vacant. The site is less than half a block from The Shops at Atlas Park, a 313,000-square-foot mall that was developed in 2005.

Vice President Jason Meister said that the offering presents an opportunity for retail developments, industrial users as well as real estate developers who are “seeking to capitalize on the strengthening real estate fundamentals in this burgeoning Queens neighborhood.”

The vacant Cooper Avenue parcel and the larger main building and one parking lot consist of 347 feet of frontage on Cooper Avenue that can be developed into retail. In total this presents 80,625 buildable square feet that could be redeveloped into retail.

The site used to be home to Hansel ‘n Gretel deli products, which opened its doors in 1872. – Claire Moses

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