The company is considering a creative office conversion and expansion for the property.
New York—LargaVista Cos. acquired a 65,000-square-foot office asset located at 30-10 41st Ave. in Long Island City. Financing for the transaction was provided by TriState Capital Bank.
The company also owns the adjacent building at 29-42 Northern Blvd. and is considering a creative office conversion and expansion.
“We are looking at many options with respect to the repositioning of this asset. We not only want to enhance the desirability of this building for commercial tenants, but also activate the base of the building and provide a unique amenity for the surrounding area,” said Adam Good, COO of LargaVista Cos., in prepared remarks.
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