From The Real Deal:
Verizon isn’t dropping any calls in New York City, continuing a flurry of recent moves within the market.
The telecom giant purchased a warehouse at 325 Exterior Street in the Mott Haven section of the Bronx for $75 million, the Commercial Observer reported. Verizon previously rented the 26,000-square-foot facility from Lightstone and had a five-year option on the space.
Lightstone has owned the property since purchasing it from ABS Partners Real Estate in April 2019. When it bought the property, the site was already fully leased to Verizon.
According to the Observer, Verizon was represented by a Cushman & Wakefield team including Josh Kurilloff and Rico Murtha. Lightstone was represented by JLL’s Bob Knakal and Jonathan Hageman.
Continue reading Verizon dials up $75M for Lightstone’s Bronx warehouse on The Real Deal
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