Triangle Equities and Goldman Sachs Urban Investment Group have secured $85 million in financing for a two-story, class A industrial space at 130-02 S Conduit Ave. in Queens, N.Y.
IPA Capital Markets, a division of Marcus & Millichap, secured the financing with LoanCore Capital on behalf of the borrowers.
The refinanced industrial condominium spans the first two floors of Terminal Logistics Center, a newly built five-floor facility designed for both industrial and self-storage purposes. The rentable space totals 164,295 square feet with an additional 102,275 square feet of truck courts. Tenants include a global airline catering services firm.
