Morrison Cohen Represents Innovo Property Group in Acquisition of Warehouse
October 18, 2018 – Morrison Cohen represented Innovo Property Group, a New York City-based real estate investment and operating company, in its $39 million acquisition of 58-30 Grand Avenue—a 151,500-square foot industrial and logistics facility in Maspeth, Queens.
The three-story building will give Innovo the opportunity to capitalize on industrial demand in the area, due to the decline of industrial inventory in Queens with the conversion of existing stock to residential and commercial use.
Morrison Cohen attorneys Stephen Soleymani and Michael S. Balducci represented Innovo in the acquisition.
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Our Real Estate Practice is one of New York’s most prominent real estate practices, representing clients in the leasing, purchase, sale, development and financing of commercial, industrial, development and residential properties.
Our Real Estate team represent a wide variety of clients in the acquisition and/or sale of single and multi-tenanted office buildings, shopping centers, hotels, industrial properties and residential buildings, including the negotiation of purchase and sale agreements.
Our Real Estate lawyers have a considerable depth of experience representing owners and developers in financing transactions in New York and throughout the United States. Such transactions have involved multi-tenanted office buildings, shopping centers, industrial properties, hotels, single-tenant net leased properties and residential properties.
