Carillo of HKS Real Estate Advisors representing East West Development in LIC site sale

January 5, 2021 - Brokerage

Queens, NY Peter Carillo of HKS Real Estate Advisors is representing East West Development in the sale of a Long Island City development site.

The 334,000 s/f assemblage near the Queensboro Bridge as an opportunity to build a last-mile logistics warehouse, a life-science center, a movie/TV studio or office, among other uses. The site is in a Opportunity Zone. The developer is also considering proposals for joint-ventures, built-to-suit projects and ground leases.

“In Long Island City there is limited supply and high demand for life science, movie studio and new class A medical office space,” said Carillo.