August 2, 2019
JLL Capital Markets has been selected by SK Development to market 14,732 square feet of flagship retail at the base of the Dieguez Fridman-designed Corte Condominiums along 44th Drive in Long Island City. The space is being offered for $17.75 million and consists of two retail condominiums divided into four separate retail units.
Vice chairmen Brendan Maddigan and Stephen Palmese; managing directors Winfield Clifford, Michael Mazzara and Ethan Stanton; and associate Michael Lipman will market the Corte retail space. JLL’s Jonathan Schwartz will handle the financing.
“Court Square is uniquely positioned as one of New York City’s premier live/work/play areas, and offers easy access to Manhattan,” said Palmese. “The new shops along 44th Drive provide service oriented-retail that is needed in the area and that is sought after by investors.”
Three of the units are currently leased to prominent tenants. The fourth will be delivered vacant upon sale.
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