Wildflower flips Queens warehouse for $92M
Wildflower sold a Queens warehouse for a hefty premium. Adam Gordon’s development firm sold the property at 28-10 Whitestone Expressway to Terreno Realty for $92 million, the Commercial Observer reported. The sale comes 12 months after Wildflower acquired the property for $35 million. The property, a former distribution center for the New York Times, is being transformed into an e-commerce logistics center. It’s unclear what the future of the site holds, however, as Wildflower had been redeveloping the site since 2022 and secured a $94 million construction loan the following year. Wildflower and Terreno did not respond to the outlet’s […]
This article originally appeared on The Real Deal. Click here to read the full story.
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