Onyx Acquisition IV and Starwood recently acquired a portfolio of light industrial properties near JFK International Airport for $146 million from LLCs controlled by the Elias family. Spanning 18.38 acres in Queens, New York, the portfolio comprises ten buildings totaling 500,708 sq. ft., providing significant value-added opportunities due to its highly accessible location near JFK International Airport.
Brian Fiumara and Martin Lomazow of CBRE led the transaction with team members Philip Heilpern, Matt Manoogian, Paul Leone, Doug Middleton Michael Hines Brad Ruppel Bo Cashman Jonathan Beard Joe Hill and Lauren Dawicki representing the seller in negotiations while Allan Elias represented family interests. “This is the first time in 50 years this dynamic light industrial portfolio has been on market offering a rather unique opportunity for buyer,” said Lomazow .
