Elion Partners, a Florida-based real estate private equity investment firm, has acquired a 180,200 s/f last-mile logistics asset located at 182-20 Liberty Avenue in Jamaica , Queens, for $58 million.
Situated five miles from John F. Kennedy International Airport, the property expands the firm’s last-mile logistics portfolio and is a part of a series of acquisitions across key coastal logistics markets.
In February, Elion acquired a 207,000 s/f last-mile logistics asset located at 1000 Jefferson Avenue in Elizabeth, NJ, two miles from the Newark Liberty International Airport.
JAMES LAMBERT
“This acquisition complements our portfolio well and offers ample parking not traditionally seen in this market,” said James Lambert, Senior Managing Director of Industrial Investments at Elion. “We look forward to continuing the expansion of Elion’s logistics portfolio across the northeast.”