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Kaufman Organization inks ground lease for LIC building slated for office conversion

Kaufman Organization inks ground lease for LIC building slated for office conversion

The Kaufman Organization just inked a 99-year ground lease for an industrial building in Long Island City that it plans to convert into office space. The firm is taking control of 21-01 51st Avenue, a 65,000-square-foot building owned by Martial Enterprises, Crain’s reported. Kaufman will gut renovate the building, install larger windows and replace loading docks. The ground floor will be dedicated to either retail or office space. The terms of Kaufman’s lease were not […]


Source: realdeal

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