Watchmaker Bulova selling old Queens HQ

Terreno Realty Corp. is in contract to buy Sunnyside site

TRD New York /
Feb.February 06, 2018 05:30 PM

26-15 Brooklyn-Queens Expressway (Credit: Bulova and Eastern Consolidated)

Watch this space.

Bulova is selling its old headquarters in Queens to Terreno Realty Corporation.

The watchmaker took space a few years ago at the Empire State Building for its executive offices, freeing it up to sell its warehouse and office space at 26-15 Brooklyn-Queens Expressway in Sunnyside, according to Crain’s. Its listing price was $30 million, but it was unclear what Terreno, a San Francisco-based industrial investor, would be paying for the site.

The property spans a total of 150,000 square feet, split between a 90,000-square-foot building with two parking lots and 60,000 square feet of unused development rights.

Eastern Consolidated’s Brian Ezratty and Gary Meese are brokering the deal.

Bulova purchased the building in 2008 and had been trying to sell it for years. The space will be Terreno’s fifth warehouse property in the city. The company previously bought a portfolio of one office building and three industrial warehouse buildings near John F. Kennedy International Airport in 2014 for $53.1 million.  [Crain’s]Eddie Small


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