Prologis has entered into a $265 million contract for the acquisition of a newly constructed warehouse in Maspeth. Built by SunCap Property Group, based in North Carolina, the 350,000 square foot facility is located between 57th Avenue and Newton Creek, just east of the Kosciuszko Bridge. The industrial building, designed as a delivery center for FedEx, boasts roughly two-dozen loading docks, on-site parking and additional parking on the building’s rooftop. Clocking in as one of the city/s most expensive industrial deals, the asset traded for just over $757 per square foot.
