Traub Capital pays $75M for LIC cosmetics plant

Deal is part of private equity firm’s acquisition of beauty products maker Mana Products

New York /
Sep.September 11, 2020 04:45 PM
Traub Capital's Brian Crosby and 27-11 49th Avenue in Long Island City (Images via Traub and Google Maps)

Traub Capital’s Brian Crosby and 27-11 49th Avenue in Long Island City (Images via Traub and Google Maps)

Traub Capital paid $75 million for a manufacturing plant in Long Island City, part of the private equity firm’s recent acquisition of cosmetics maker Mana Products.

The three-story, 215,000-square-foot facility is located at 27-11 49th Avenue in the Hunters Point section.

Traub’s deal to buy LIC-based Mana was reported earlier this month. Mana, which manufactures beauty products for a variety of brands, has owned the building for over 20 years, property records show. The property was built in 1965.

Traub is led by Mortimer Singer, Geoffrey Lurie and Brian Crosby.

Mana had been trying to expand the Hunters Point facility and exit its other location at 32-02 Queens Boulevard, but the plan faced zoning complexities, according to the LIC Post.

The company was founded in 1975 by chemist and entrepreneur Nikos Mouyiaris, who died last year.

Traub and Mana did not respond to requests for comment.





    Related Articles

    arrow_forward_ios
    Canadian industrial building boom looms
    Canadian industrial building boom looms
    Canadian industrial building boom looms
    Steve Witkoff and Ian Schrager in front of the iconic PUBLIC hotel escalators. (PUBLIC, Getty)
    EB-5 fund alleges Schrager, Witkoff siphoned money from Public Hotel
    EB-5 fund alleges Schrager, Witkoff siphoned money from Public Hotel
    Best Buy has closed about 20 of its big-box stores in each of the past two years (iStock)
    Best Buy lays off 5,000 staffers, increases store closures
    Best Buy lays off 5,000 staffers, increases store closures
    Ryan Serhant and Gary Barnett on Development Slowdown in Pandemic
    Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
    Coffee Talk: Extell’s Gary Barnett and Ryan Serhant
    Cushman & Wakefield CEO Brett White
    Cushman reports 10% drop in revenue in 2020
    Cushman reports 10% drop in revenue in 2020
    Central Queens Academy's Ashish Kapadia and United's Chris Jiashu Xu with a rendering of 88-08 Justice Avenue (Linkedin, iStock)
    Charter school takes 85K sf in Queens condo building
    Charter school takes 85K sf in Queens condo building
    (IStock illustration by Kevin Rebong)
    Smaller cities look to cash in on shift to remote work
    Smaller cities look to cash in on shift to remote work
    421-427 East 14th Street (Google Maps, iStock)
    Stuy Town to get new 17K sf grocery store
    Stuy Town to get new 17K sf grocery store
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...