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Industrial Building in Queens Sells for $73.5 Million

New York’s Industrial Vacancy Rate Has Declined to Record Low, CoStar Report Says

An industrial property in the Queens borough of New York sold for $73.5 million. (CoStar)
An industrial property in the Queens borough of New York sold for $73.5 million. (CoStar)

An industrial property in Queens that houses tenants including apparel brand French Connection has been sold for $73.5 million, in the latest sign that demand for fast deliveries of online orders will fuel an appetite for logistics space.

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