$27 Million Long Island City Purchase

On March 10, 2017, LargaVista Companies purchased a 50,000-square-foot warehouse in the Queens Plaza North section of Long Island City for $27 million.

The purchase price worked out to nearly $578 per square foot.  Khoren Bandazian and Richard Wolloch represented the seller. The transaction was part of a complicated exchange agreement between the parties. The property is just a short walk away from where Tishman Speyer plans to build a 1.1 million square foot office complex at 28-10 Queens Plaza South.