Warehouse space leased for storage

Real Estate Weekly, May 15, 2002

In a leasing transaction resulting directly from the exigencies of 9/11, a major NYC based company has leased a 250,000-cubic foot warehouse for the strategic storage of replacement parts. This lease was the culmination of a 6-month marketing effort by the team of John Maltz and Decio Baio, of Greiner-Maltz.

The premises, part of an industrial complex owned by Port Distributors, Inc., has always been attractive to high-value tenancies due to its central location and close proximity to the Queensboro Bridge, Midtown Tunnel, and E, F, G and #7 Subway lines. Other tenants, which have chosen Long Island City locations through Greiner-Maltz for their strategic locations have been Trafalgar Tours, Hertz Rent-a-Car, Sprint and DHL.