The Real Deal New York

Triangle Equities is betting $97M on air cargo with Queens project

Warehouse near JFK would span about 300K sf
By Eddie Small | October 16, 2017 05:30PM

130-02 South Conduit Avenue (Credit: Google Maps)

Triangle Equities wants to build a $97 million warehouse near John F. Kennedy International Airport, according to filings with the Economic Development Corporation.

The three-story warehouse at 130-02 South Conduit Avenue would span about 300,000 square feet with an additional 100,000 square feet of space for loading ramps. It would be used as a distribution facility for industrial air cargo freight.

Triangle Equities, which did not respond to a request for comment, is seeking financial assistance for the project, but it’s not clear how much. The EDC’s Industrial Development Agency will hold a hearing about the project on Nov. 2.

The developer is working on the $231 million Lighthouse Point megaproject on Staten Island’s north shore.

(To view more properties owned by Triangle Equities, click here)