Utility company buys LIC power plant for $167M

An affiliate of Midtown-based utility company LS Power paid $167.4 million for a large Long Island City site that is home to the Ravenswood Generating Station, according to property records filed with the city Thursday. The lot at 37-20 37th Avenue, also known as 37-20 Vernon Boulevard, spans more than 1.1 million square feet, records show. Helix Gen Funding, a New Jersey-based arm of LS Power, closed on the purchase from the energy company TransCanada […]

Source: realdeal

Leave a Reply

Your email address will not be published. Required fields are marked *