{"id":1004551241,"date":"2021-09-22T04:01:36","date_gmt":"2021-09-22T12:01:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004551241"},"modified":"2022-12-08T13:13:31","modified_gmt":"2022-12-08T21:13:31","slug":"everwest-acquires-long-island-last-mile-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/everwest-acquires-long-island-last-mile-facility\/","title":{"rendered":"EverWest Acquires Long Island Last-Mile Facility"},"content":{"rendered":"<div id=\"attachment_1004551242\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/For-website-resized.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004551242\" data-attachment-id=\"1004551242\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/everwest-acquires-long-island-last-mile-facility\/for-website-resized\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/For-website-resized.png\" data-orig-size=\"719,539\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"55-60 46th St. Image courtesy of EverWest Realty Advisors\" data-image-description=\"&lt;p&gt;55-60 46th St. Image courtesy of EverWest Realty Advisors&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;55-60 46th St. Image courtesy of EverWest Realty Advisors&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/For-website-resized.png?w=719\" class=\"wp-image-1004551242 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/For-website-resized.png?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/For-website-resized.png 719w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/For-website-resized.png?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004551242\" class=\"wp-caption-text\">55-60 46th St. Image courtesy of EverWest Realty Advisors<\/p><\/div>\n<p>EverWest Real Estate Investors has finalized its second New York City\/New Jersey-area acquisition this month, with the purchase of a 70,500-square-foot logistics asset in Flushing, Queens. Owner Gary Korn\u2014managing director at Wharton Industrial\u2014pocketed $57.3 million for the 2.9-acre property.<\/p>\n<p>Situated in the heart of the Maspeth neighborhood at 55-30 46th St., the plot near the intersection of interstates 278 and 495 is well-positioned for last-mile distribution.<\/p>\n<p>The building is fully leased to a roster of local food distributors. The single-story property dates back to 1961, according to CommercialEdge, and includes rear loading, 30-foot clear heights, as well as an ample truck court and parking.<\/p>\n<p>Walker &amp; Dunlop\u2019s Mo Beler, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland and Michael Diaz arranged the deal for the seller, while EverWest\u2019s Stephen Feinberg directed the purchase for the buyer.<\/p>\n<h2>EverWest&#8217;s NYC-area deals<\/h2>\n<p>Last week, Denver-based EverWest announced the joint venture acquisition and redevelopment of a 31-acre site in Somerset, N.J. Along with partner Woodmont Properties, the company paid $42.7 million for the property at 400 and 600 Atrium Drive that includes an existing 351,782-square-foot office building. The partnership is planning to raze the structure, making way for two Class A warehouse\/distribution buildings. The new industrial campus is set to comprise a total of 426,000 square feet.<\/p>\n<p>In early 2021, the same partnership <a href=\"https:\/\/www.commercialsearch.com\/news\/everwest-jv-pays-20m-for-northern-new-jersey-warehouse\/\">paid $20 million<\/a> for a 144,551-square-foot distribution facility in South Brunswick, N.J. The sale-leaseback deal marked the duo&#8217;s first joint venture.<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the buyer&#8217;s second Tri-State transaction in less than a month.<\/p>\n","protected":false},"author":739,"featured_media":1004551242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,1600,21742,10],"tags":[41330,40101,37252,44213],"class_list":["post-1004551241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-new-york","category-latest","category-northeast","tag-aaron-appel","tag-everwest-real-estate-investors","tag-jonathan-schwartz","tag-walker-dunlop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EverWest Acquires Long Island Last-Mile Facility - 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