TF Cornerstone lands 300K-sf Toyota dealership at FedEx site

TRD New York /
Aug.August 28, 2013 08:10 AM

TF Cornerstone has reeled in a Toyota dealership to build a 300,000-square-foot  showroom at its FedEx development on the West Side. The dealership will be above the two-story, 150,000-square-foot building at 660 12th Avenue, between West 48th and West 49th streets, and ends TF Cornerstone’s search for tenants such as data storage providers and film production companies.

Bay Ridge Auto Group, which owns the Toyota dealership as well as ones for Infiniti, Nissan and Acura, paid the developer $16.6 million at the end of last year for the back of the block at 677-681 11th Avenue and signed a zoning agreement that allows TF Cornerstone to develop the remaining 140,000 square feet at the site.

A spokesperson for TF Cornerstone confirmed the deal to the New York Post; the newspaper did not include a comment from the dealership.

Bay Ridge also owns the six-story 75,000-square-foot Toyota dealership at 645-651 11th Avenue. [NYP, 1st item]Hiten Samtani


Related Articles

arrow_forward_ios
TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone’s Prospect Heights two-tower project unveiled

Turnbridge Equities managing principal Ryan Nelson and 58-95 Maurice Avenue in Queens (Credit: Turnbridge Equities and Google Maps) 

Turnbridge scoops up another industrial site for $40M

A rendering of 615 Dean Street in Brooklyn and TF Cornerstone president Frederick Elghanayan

TF Cornerstone lands financing for Pacific Park dev sites

TF Cornerstone lands $484M refi for Midtown rental tower

TF Cornerstone lands $484M refi for Midtown rental tower

TF Cornerstone paid $143M for Pacific Park development sites

TF Cornerstone paid $143M for Pacific Park development sites

TF Cornerstone gets roughly $700M in financing for LIC affordable housing project

TF Cornerstone gets roughly $700M in financing for LIC affordable housing project

32BJ is very happy that Amazon is coming to Queens

32BJ is very happy that Amazon is coming
to Queens

TF Cornerstone, Brodsky take over 3 sites at Pacific Park

TF Cornerstone, Brodsky take over 3 sites at Pacific Park

arrow_forward_ios
Loading...