Innovo planning investment in LIC industrial building

Company is negotiating to invest in 28-90 Review Avenue

TRD New York /
Jul.July 31, 2018 05:45 PM

Andrew Chung and 28-90 Review Avenue (Credit: AREAA Manhattan and Google Maps)

Andrew Chung’s Innovo Property Group is negotiating a new deal in Long Island City.

The company is working towards an investment at 28-90 Review Avenue in the Queens neighborhood, according to Crain’s. It was unclear how much the company would pay for the site and whether it would be buying it outright or entering into a joint venture with the current owner, JBL Asset Management.

The property can accommodate about 400,000 square feet of commercial development. CBRE broker Brad Cohen had been leading a team that was marketing the site.

JBL bought 28-90 Review Avenue two years ago for about $25 million. [Crain’s]Eddie Small

Related Articles


“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Jackson Park at 28-40 Jackson Avenue and Tishman Speyer's Rob Speyer (Credit: StreetEasy and Tishman Speyer)

Tishman Speyer locks in $1B in financing for Jackson Park

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Clutter CEO and co-founder Ari Mir, and clockwise from left: 280 Fullerton Avenue, 1 Holland Avenue, 3046 Northern Boulevard and 5601 Foster Avenue (Credit: Linkedin, Google Maps)

Self-storage startup Clutter makes its first real estate play with $152M deal

Embattled Prodigy Network CEO Rodrigo Niño to step down

43-20 49th Avenue in Long Island City and Andrew Chung of Innovo Property Group (Credit: Google Maps)

Andrew Chung tees up Queens’ biggest deal of 2019

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation